CEFR B2

bankruptcy

noun

Meaning

The state of being legally unable to pay one's debts, often resulting in the liquidation of assets.

Examples

The company filed for bankruptcy after accumulating massive debts.
Declaring bankruptcy can have long-term consequences for your credit score.

Synonyms: insolvency, liquidation, failure

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bankruptcy (B2)

noun

Pronunciation: /ˈbæŋkrʌptsi/

Definition

The state of being legally unable to pay one's debts, often resulting in the liquidation of assets.

Examples

The company filed for bankruptcy after accumulating massive debts.
Declaring bankruptcy can have long-term consequences for your credit score.

How to Use bankruptcy

bankruptcy of (prepositional phrase): The state of being unable to pay debts, referring to a specific entity. — "The bankruptcy of the parent company affected its subsidiaries."

Synonyms of bankruptcy

Words with a similar meaning to bankruptcy:

Antonyms of bankruptcy

Words with the opposite meaning to bankruptcy:

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