bankruptcy
US /ˈbæŋkrʌptsi/
・UK /ˈbæŋkrʌptsi/
B2
noun
- State of having no money and unable to pay debts
other
- A complete failure or lack of something, especially in a figurative sense.
- The state of being completely lacking in money or resources; financial ruin.
- A legal process in which a person or business declares their inability to pay debts and is subject to court-ordered administration of their assets.
- A complete lack of moral values or principles.
- A complete failure or ruin.
other
- The legal process by which a person or organization is declared unable to pay their debts.
Examples
The defendant has a bankruptcy order against him.
The company has been forced to file for bankruptcy.