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- Dictionarybankruptcy/ˈbaŋkrʌp(t)si/
noun
- 1. the state of being bankrupt: "many companies were facing bankruptcy"
- 2. the state of being completely lacking in a particular good quality: "the intellectual bankruptcy of the corporate media"
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May 24, 2024 · Bankruptcy is a legal proceeding that frees individuals or businesses from their debts. Learn about the different types of bankruptcy, how they work, and their advantages and disadvantages.
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor .
Nov 21, 2023 · Bankruptcy is a legal process to help consumers and businesses resolve overwhelming debt. Learn about the two most common types of consumer bankruptcy, Chapter 7 and Chapter 13, and how they can affect your credit score and financial goals.
Jun 4, 2015 · Bankruptcy is a legal process that allows consumers and businesses to eliminate or restructure their debts under federal court supervision. Learn about the different types of bankruptcy, their history, and what they cannot do for debtors.
Aug 5, 2024 · Bankruptcy is a legal status of a debtor who cannot pay his debts. Learn about the origins, types, and effects of bankruptcy laws in different countries and regions.
Learn the meaning of bankruptcy in English, a situation in which a business or a person becomes unable to pay their debts. See how to use the word in different contexts and collocations, and find translations in other languages.
Learn the legal and common meanings of bankruptcy, the condition of being insolvent and unable to repay debts. Find synonyms, examples, word history, and related phrases of bankruptcy.
