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bankruptcy

noun

bank·​rupt·​cy ˈbaŋk-(ˌ)rəp(t)-sē How to pronounce bankruptcy (audio)
plural bankruptcies
1
: the quality or state of being bankrupt
2
: utter failure or impoverishment

Example Sentences

The company is facing bankruptcy. The company was forced into bankruptcy. The number of bankruptcies was especially high last year. Critics view the decision as an example of moral bankruptcy on the part of the administration.
Recent Examples on the Web Cineworld, which owns Regal Cinemas, cited the scant supply of major new releases in confirming recent discussions of a Chapter 11 bankruptcy protection filing. Jake Coyle, Chron, 3 Sep. 2022 The extent of the damage pushed it to seek bankruptcy protection in January 2019, resulting in one of the most complex restructurings the utility industry had ever seen. Katherine Blunt, WSJ, 25 Aug. 2022 Movie theater operators were volatile following a report that Cineworld is considering filing for Chapter 11 bankruptcy protection. CBS News, 22 Aug. 2022 The Journal said Cineworld had hired the legal firm Kirkland & Ellis LLP and consultants from AlixPartners to help prepare the bankruptcy protection filing. Etan Vlessing, The Hollywood Reporter, 19 Aug. 2022 Later that year, Hanae Mori International filed for bankruptcy protection in Japan, with liabilities of $94 million. New York Times, 18 Aug. 2022 On June 15 Perelman’s beloved Revlon filed for bankruptcy protection in the Southern District of New York. William Cohan, Town & Country, 18 Aug. 2022 Some of Jones’s companies have sought bankruptcy protection. Amanda J. Crawford, BostonGlobe.com, 17 Aug. 2022 In 2011, American Airlines entered bankruptcy protection to address key issues. Ben Baldanza, Forbes, 15 Aug. 2022 See More

Word History

First Known Use

circa 1634, in the meaning defined at sense 1

Time Traveler
The first known use of bankruptcy was circa 1634

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