bank·rupt·cy

bank·rupt·cy
/ˈbæŋkˌrʌptsi/ noun, pl -cies
1 a [noncount] : the condition of being bankrupt : a condition of financial failure caused by not having the money that you need to pay your debts

The company is facing bankruptcy.

The company filed for bankruptcy [=officially asked to be legally recognized as bankrupt] in July.

He declared bankruptcy. [=formally said that he was bankrupt in a legal document]

The company is now in bankruptcy. [=has been officially recognized as bankrupt]

The company was forced into bankruptcy.

— often used before another noun

bankruptcy court/law

a bankruptcy judge/lawyer

1 b [count] : an occurrence in which a person, business, etc., goes bankrupt

The number of bankruptcies was especially high last year.

2 [noncount] : the condition of completely lacking a good or desired quality

Critics view the decision as an example of moral/ethical bankruptcy on the part of the administration.


Useful english dictionary. 2012.

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  • bank|rupt — «BANGK ruhpt», adjective, verb, noun. –adj. 1. unable to pay one s debts, especially when declared legally unable to do so: »After his store burned, the shopkeeper was bankrupt. SYNONYM(S): insolvent. 2. Figurative. at the end of one s resources; …   Useful english dictionary

  • bank|rupt|cy — «BANGK ruhpt see, ruhp », noun, plural cies. 1. bankrupt condition: »When his business failed he went into bankruptcy. 2. Figurative. utter wreck, ruin, or loss (of any good quality): »A general bankruptcy of reputation in both parties (Edmund… …   Useful english dictionary

  • rupt — bank·rupt·cy; cor·rupt·ed·ly; cor·rupt·ed·ness; cor·rupt·er; cor·rupt·ibil·i·ty; cor·rupt·ing·ly; cor·rupt·ible; cor·rupt·less; cor·rupt·ly; cor·rupt·ness; dis·rupt·er; in·cor·rupt·ible·ness; in·cor·rupt·ibly; in·ter·rupt·er; in·ter·rupt·ible;… …   English syllables

  • bank — bank; bank·man; bank·roll·er; bank·rupt·cy; bank·sku·ta; can·ta·bank; em·bank; em·bank·ment; in·ter·bank; maas·bank·er; moun·te·bank·ery; bank·a·ble; bank·rupt; moun·te·bank; non·bank; bank·abil·i·ty; bank·skoi·te; hand·bank·er; sal·tim·bank; …   English syllables

  • bankrupt — bank·rupt …   English syllables

  • bankruptcy — bank·rupt·cy …   English syllables

  • bankrupt — bank|rupt1 [ bæŋk,rʌpt ] adjective * 1. ) a person or business that is bankrupt has officially admitted that they have no money and cannot pay what they owe: bankrupt farmers go bankrupt: Many of the companies that they had invested in went… …   Usage of the words and phrases in modern English

  • bankrupt — bank•rupt [[t]ˈbæŋk rʌpt, rəpt[/t]] n. 1) law a person who is adjudged insolvent by a court and whose property is divided among creditors under the bankruptcy laws 2) any insolvent debtor; a person unable to satisfy any just claims made upon him… …   From formal English to slang

  • bankruptcy — bank|rupt|cy [ˈbæŋkrʌptsi] n plural bankruptcies 1.) [U and C] the state of being unable to pay your debts = ↑insolvency ▪ In 1999 it was revealed that he was close to bankruptcy. ▪ When inflation rises, so do bankruptcies. 2.) [U] a total lack… …   Dictionary of contemporary English

  • bankruptcy — bank|rupt|cy [ bæŋk,rʌptsi ] noun * 1. ) count or uncount a situation in which a person or business becomes bankrupt: The recession led to a flood of bankruptcies. face bankruptcy: Many small farmers are facing bankruptcy. declare bankruptcy: The …   Usage of the words and phrases in modern English

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