English

bankruptcy

ˈbæŋ.krəpt.si
Meaning: the state of being unable to pay debts
Part of Speech: Noun

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Example sentences

The company was forced to file for bankruptcy after a series of poor investments.
The company was forced to file for bankruptcy after a series of poor investments.
The company had to take drastic measures to avoid bankruptcy.
The company had to take drastic measures to avoid bankruptcy.
The company was saved from bankruptcy by a management buyout.
The company was saved from bankruptcy by a management buyout.
The company was forced to liquidate its assets after filing for bankruptcy.
The company was forced to liquidate its assets after filing for bankruptcy.

Usage Notes

Refers to a legal status where a person or business cannot repay their debts to creditors.

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