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Bankruptcy
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/bˈæŋkɹʌptsi/
/ˈbæŋkɹəpsi/, /ˈbæŋkɹəptsi/
Noun (3)
Bankruptcy
NOM
01
faillite
a situation in which a person or business is unable to pay due debts
failure
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02
faillite
a state of complete lack of some abstract property
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03
faillite
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
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