Bankruptcy
volume
British pronunciation/bˈæŋkɹʌptsi/
American pronunciation/ˈbæŋkɹəpsi/, /ˈbæŋkɹəptsi/

Definition & Bedeutung von "bankruptcy"

Bankruptcy
01

Bankrott

a situation in which a person or business is unable to pay due debts
02

Insolvenz, Pleite

a state of complete lack of some abstract property
03

Insolvenz

a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

bankruptcy

n
example
Beispiel
The company declared bankruptcy after years of financial losses.
Bankruptcy can provide a fresh start for individuals in severe debt.
He avoided bankruptcy by negotiating with his creditors.
The risk of bankruptcy increased as the market conditions worsened.
She filed for bankruptcy to manage her overwhelming debt.
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