Definition of bankruptcy in English:



  • 1The state of being bankrupt.

    ‘many companies were facing bankruptcy’
    [count noun] ‘a 7% increase in bankruptcies’
    • ‘Merrill Lynch strategist Marty Fridson also warned that the WorldCom scandal could signal a wave of bankruptcies.’
    • ‘Amid the din of quarterly losses and bankruptcies, the U.S. steel industry got some good news from the government.’
    • ‘These losses led to mergers and bankruptcies, and set the stage for leveraged buyouts.’
    • ‘A recent Harvard University study that found runaway medical bills are a major cause of personal bankruptcies.’
    • ‘Instead, as Samuelson notes, much of the increase was due to layoffs, bankruptcies and cutbacks.’
    • ‘This can only be done either by mergers or bankruptcies.’
    • ‘Banks recognize that in a recession, lower interest rates may be necessary to spur growth and prevent bankruptcies.’
    • ‘During a recession, the increase in bankruptcies and the fall in asset prices shrink the asset bases of the banks.’
    • ‘For this, keep an eye on newspaper reports of bankruptcies.’
    • ‘Most of the bankruptcies stemmed from excess debt and other problems exacerbated by the slowdown.’
    • ‘Many more bankruptcies and restructurings are on the horizon, predict experts.’
    • ‘It is not surprising, given the number of high profile bankruptcies, that investors are noticeably worried about bad debt provisions.’
    • ‘The Enterprise Bill will help to reduce the stigma associated with honest failures, including bad-luck bankruptcies.’
    • ‘This in turn raises the risk of bank bankruptcies and therefore causes banks to curtail the expansion of credit.’
    • ‘Widespread bankruptcies and financial failures are leading to mergers in some regions and shutdowns in others.’
    • ‘The empirical model for explaining delinquencies is similar to the one for explaining bankruptcies.’
    • ‘This engendered a complete repudiation of the policy for a considerable period of time following the two bankruptcies.’
    • ‘These two bankruptcies led to intensifying deflationary pressures.’
    • ‘It could turn out to be a free-flow of local bankruptcies.’
    • ‘Having already given up so much during the previous bankruptcies, this was supposed to be their time to bask in the benefits.’
    insolvency, liquidation, failure, ruination, debt, indebtedness
    penury, beggary
    administration, receivership
    View synonyms
  • 2The state of being completely lacking in a particular good quality.

    ‘the intellectual bankruptcy of the corporate media’
    • ‘A subtext to the book is an expose of the utter moral bankruptcy of pure free markets.’
    • ‘This type of moral and epistemic bankruptcy is now entrenched in the corporation's output.’
    • ‘Needless to say, they still haven't come to terms with their moral bankruptcy.’
    • ‘He said the Government had shown a lack of concern and understanding for farmers who faced bankruptcy.’
    • ‘The demons of hell are having a celebration, cheering the moral bankruptcy of our generation!’
    • ‘The bankruptcy doesn't bother me; the loss of the flat would, big time.’
    • ‘It's a testament to the moral bankruptcy of our business leaders that they are not.’
    • ‘They are guilty of the violence of silence, of indifference and of intellectual bankruptcy.’
    • ‘Their crusade against moral bankruptcy may soon shift from being a rallying cry to become government policy.’
    • ‘They have exposed the economic, political and moral bankruptcy of American society.’
    • ‘For that reason alone I am glad of their sickening moral bankruptcy.’
    • ‘What followed was flagrant musical bankruptcy and the insufferable drone of banal music.’
    • ‘I suspect it's a sign of political and moral bankruptcy that probably isn't treatable.’
    • ‘Her literary debut, The Grass Is Singing, exposed the moral bankruptcy of the white settler culture.’
    • ‘Now, we see a genuine case of the painful price being paid for moral bankruptcy.’
    • ‘For many, his indispensable contribution is to have lightened the gloom and moral bankruptcy of those years.’
    • ‘In effect, he threatens to declare to the world his administration's moral bankruptcy.’