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bankruptcy

Meaning in simple English, pronunciation and examples

Pronunciation: US /ˈbæŋkrʌptsi/

bankruptcy means: A legal state in which a person or business cannot pay their debts.

noun

UNPAID DEBTSB2

A legal state in which a person or business cannot pay their debts.

  • The shop faced bankruptcy.
  • He declared bankruptcy when he could no longer repay his loans.
  • Several airlines have filed for bankruptcy in recent years.

How to use it: file for bankruptcy (The company filed for bankruptcy after losing its biggest customer.)

Similar words: insolvency

Opposites: solvency

Common phrases: declare bankruptcy, file for bankruptcy, bankruptcy proceedings

Questions about bankruptcy

What does bankruptcy mean?

A legal state in which a person or business cannot pay their debts.

What is bankruptcy in other languages?

Türkçe: iflas · Español: quiebra · Français: faillite · Deutsch: Insolvenz · Italiano: fallimento · 日本語: 破産

How do you pronounce bankruptcy?

It is pronounced /ˈbæŋkrʌptsi/.

How do you use bankruptcy in a sentence?

The shop faced bankruptcy. He declared bankruptcy when he could no longer repay his loans.

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