💸bankruptcy

noun
/ˈbæŋkrʌptsi/

Meaning

the state of being unable to pay debts owed, declared by a legal process

Example Sentences

The company declared bankruptcy after months of financial struggles.

Synonyms

insolvency, liquidation, failure, collapse

Antonyms

solvency, prosperity, success

Collocations

file for bankruptcy, declare bankruptcy, go bankrupt, bankruptcy court

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