bankruptcybank‧rupt‧cy /ˈbæŋkrʌptsi/ ●●○ noun (plural bankruptcies) 
Examples
In 1999 it was revealed that he was close to bankruptcy. When inflation rises, so do bankruptcies.2[uncountable] a total lack of a particular good quality: the moral bankruptcy of terrorism
ExamplesEXAMPLES FROM OTHER DICTIONARIES
word sets- Corporate bankruptcies increased last year.
- the moral bankruptcy of this materialistic society
- Bankers and the new elite were threatened by bankruptcy.
- But the company which makes it has been close to bankruptcy.
- Here, when the relevant act of bankruptcy occurred, Mr. Dennis was a beneficial joint tenant of the two properties.
- Public enterprises run little risk of bankruptcy, and if targets are not met, governments usually step in to cover deficits.
- They want more disclosure from the industry in exchange for tougher bankruptcy laws.
- Trying to determine where the bulk of investors' money has gone is the primary goal of the bankruptcy court.
- With the abrupt economic slowdown, credit card companies expect more delinquencies and bankruptcies.
WORD SETS► BUSINESS
Collocationsabsolute advantage, aggregate demand, AGM, nounagribusiness, nounairline, nounappurtenance, nounassessment, nounbad debt, nounbalance sheet, nounbankroll, verbbankrupt, adjectivebankrupt, verbbankrupt, nounbankruptcy, nounbargain, verbbargain basement, nounbaron, nounbill of sale, nounbiz, nounblack market, nounblack marketeer, nounboom, nounboom and bust, nounboom town, nounbrown goods, nounbubble, nounbudget surplus, business card, nounbusiness cycle, business hours, nounbuyout, nouncapital, nouncapital-intensive, adjectivechamber of commerce, nounclerical, adjectiveconsumer, nounconsumer goods, noundisposable income, noundownturn, noundrive-through, nouneconomically, adverbfinancial, adjectiveflat, adjectivefree enterprise, noungiveaway, adjectiveincrement, nounindustry, nouninflate, verbinflated, adjectiveinflation, nouninflationary, adjectiveinsolvent, adjectiveinstitution, nouninterest, nounintroduction, nounlivery, nounlow season, nounlucrative, adjectiveMBA, nounmemo, nounmentoring, nounnegotiable, adjectivenegotiate, verbnegotiation, nounnon-profit, adjectiveopen, verboperational research, nounowner-occupied, adjectivepack, nounpackage, nounpaperwork, nounpatron, nounpatronage, nounpatronize, verbpay, verbpcm, peppercorn rent, nounpersonal assistant, nounplanned obsolescence, nounpp., quarter, nounquarter day, nounquota, nounquote, verbready-made, adjectivereal estate, nounrebate, nounredeem, verbredevelop, verbrefund, nounrent, nounshutdown, nounsliding scale, nounsubcontract, verbsubcontractor, nountariff, nounundercut, verbundersubscribed, adjective
COLLOCATIONS FROM OTHER ENTRIES► bankruptcy proceedings
1[countable, uncountable] the state of being unable to pay your debts SYN insolvency: · She faced criminal charges in addition to bankruptcy proceedings.
COLLOCATIONS FROM THE CORPUSADJECTIVE► federal· The Chapter 7 petition was filed in federal bankruptcy court in Newark.· Brahney extended the deadline to March 4 from Jan. 22, which was the deadline under federal bankruptcy law.· A federal bankruptcy court is scheduled to review the petition late this month.· In fact, a federal bankruptcy court in 1994 refused to allow asbestos claims to go forward against Jim Walter.· He was named a district judge by President Nixon in 1974 after a decade on the federal bankruptcy bench.
► personal· Valere Tjolle, chairman of the company, has filed for personal bankruptcy.· Kevin declared personal bankruptcy in September 1992 and both he and Ian received legal aid.· For instance, despite the continued strong national economy, a record 1 million people filed for personal bankruptcy protection last year.
NOUN► case· Peter never went near him after the bankruptcy case.
► court· But some buy-outs have ended in the bankruptcy court or in acute distress.· As a result, the bankruptcy court dismissed their case in September 1993· A small management group will remain to prepare and manage a reorganisation plan while the company is in bankruptcy court protection.· The Chapter 7 petition was filed in federal bankruptcy court in Newark.· The first came from Judge Burton Lifland of the bankruptcy court.· Naturally, stock market crashes and recessions end up tossing businesses into bankruptcy court and throwing people out of work.· The deal was being completed as we went to press, subject to approval by the bankruptcy courts.· Trying to determine where the bulk of investors' money has gone is the primary goal of the bankruptcy court.
► law· No such abuse of the bankruptcy laws was to be dreaded as Mr Erskine had feared.· The credit industry argues that the changes are needed to prevent people who can repay their debts from hiding behind bankruptcy law.· This explains bankruptcy law in every country of the United Kingdom and is available from us.· Brahney extended the deadline to March 4 from Jan. 22, which was the deadline under federal bankruptcy law.· Britain's 19-century bankruptcy laws will also be overhauled.· They want more disclosure from the industry in exchange for tougher bankruptcy laws.· The Czech government does not want to see lots of companies go under because of a new bankruptcy law.· In effect, the class settlement is attempting an end-run around the bankruptcy laws and an end-run around Congress.
► order· The court has power to rescind a bankruptcy order under this section.· The court will not make a bankruptcy order unless it is satisfied that the individual can not pay his debts.· The bankruptcy order does not act as an automatic stay of all proceedings against the bankrupt.· Read in studio Author and historian Count Nikolai Tolstoy has applied to have a bankruptcy order against him annulled.· A statutory demand is one of the statutorily prescribed prerequisites to obtaining remedies afforded to creditors by a bankruptcy order.· See Chapter 5 below for the procedure for setting aside bankruptcy orders.
► petition· On 20 December a bankruptcy petition founded on that act of bankruptcy was presented.· In a 1993 bankruptcy petition, he listed debts of $ 157, 000 and assets of $ 3, 754.· Secondly, the proceedings were by way of bankruptcy petition.· The judgment not being satisfied, the bank presented a bankruptcy petition against B alone for the whole debt.· This, in turn, enables the creditor to present a bankruptcy petition.· The bank then served a bankruptcy petition on A for the other half.· In May 1990 a bankruptcy petition was presented against Mr Flint.· A bankruptcy petition based on that demand was issued on 20 September.
► proceeding· No sum is disclosed but bankruptcy proceedings can only be brought if at least £750 is owed.· The prosecution sought to adduce in evidence documents which contained statements made by the defendant in the earlier bankruptcy proceedings.· First, about half of it will be used to pay creditors and to meet legal fees connected with the bankruptcy proceedings.· Alliant Computer Inc, which used the 80860 in high-end parallel systems recently filed Chapter 11 bankruptcy proceedings.
► protection· There is increased speculation this could be done through bankruptcy or a reorganization under bankruptcy protection.· Carolco filed for Chapter 11 bankruptcy protection in November and now is selling off its assets.· ExUnited Way chief William Aramony gets a seven-year prison sentence for embezzlement. 26 -- Bradlees seeks bankruptcy protection.· Adler Coleman, a clearing company for about 40 brokerage firms, files for bankruptcy protection.· For instance, despite the continued strong national economy, a record 1 million people filed for personal bankruptcy protection last year.· Rosenthal said Barneys has received no domestic goods shipments since it filed for bankruptcy protection last Wednesday night.· Spectrum has been operating for the past year under Chapter 11 bankruptcy protection.
► reorganization· Two months later, Valmark also filed for bankruptcy reorganization, seeking protection from creditors.· One of the top bidders, Pocket Communications, filed for Chapter 11 bankruptcy reorganization earlier this year.· And the Chapter 7 bankruptcy reorganization will float aloft on clouds of harmonious enthusiasm.· In the past, these bonds have been issued primarily as a part of bankruptcy reorganization plans.· Mounting debts and intense competition drove the airline to attempt a Chapter 11 bankruptcy reorganization in 1991.
VERB► avoid· Car-parts maker Federal-Mogul recently secured Dollars 550m in extra credit to avoid bankruptcy and fight its asbestos lawsuits.· Chapter 11 permits a company to avoid immediate bankruptcy liquidation and continue in operation, at least temporarily.· It seemed that we could just about raise the amount of the offer we had decided upon and still avoid bankruptcy.· Olympia & York was insolvent and had sought the protection of the courts to avoid bankruptcy.· Henceforward, Pearse had a constant battle to avoid bankruptcy.· But at least it pays no rent and in practice it is secure so long as it farms the land and avoids bankruptcy.
► declare· To put it simply: your Earth Government has declared bankruptcy.· Last week, the board voted to declare bankruptcy.· Faced with such a towering judgment, Simpson could declare bankruptcy.· Steel Co., which was drowning in debt and eventually declared bankruptcy last month.· Major retailers are considering or have already declared bankruptcy.· The Supreme Court ruled in 1990 that convicted criminals can avoid making restitution by declaring bankruptcy.· Kevin declared personal bankruptcy in September 1992 and both he and Ian received legal aid.· Two funds were frozen by the government; others declared bankruptcy or slashed their interest rates and stopped paying back principal.
► face· Southern California Edison, one of the electricity companies facing bankruptcy, defaulted on debt repayments of $ 596m.· Amtrak said it would face bankruptcy if it paid the salary the union asks.· Hodgkinson senior says Rees faces possible bankruptcy and raised more than £1,000 during Nottingham's match against Northampton.· Tony Stevens says he faces bankruptcy.· They were faced with bankruptcy but there was enough expertise within the company to take a gamble on a change of direction.· The ruling left Irving facing bankruptcy with a total of £2.5m in defence costs.
► file· In December, after 128 years, the retailer announced that it was filing for bankruptcy.· Consequently, Terrell said Simpson may have to take other steps, such as filing for bankruptcy.· The current team's owners have filed for bankruptcy.· In November, a 34-store Taco Bell franchisee in California filed for bankruptcy.· The list of transactions has grown steadily since Symington filed for Chapter 7 bankruptcy in September.· The overseas operations of Wang have not filed for bankruptcy.
► force· As the banks were squeezed, they called in loans and forced bankruptcy on their clients.· The Shorelands Company was forced to file for bankruptcy.· Some items are so valuable that the owners have been forced into bankruptcy by their loss.· Such an action will force refinancing of the issue or can even force the issuer into bankruptcy.
► lead· It helped to maintain levels of production and to prevent price-cutting wars which led to further bankruptcies and so to further unemployment.· Such unplanned success can lead to business bankruptcy and, even worse, emotional bankruptcy as well.· This, coupled with a lack of accounting controls, led the district into bankruptcy.
► list· In a 1993 bankruptcy petition, he listed debts of $ 157, 000 and assets of $ 3, 754.
► present· This, in turn, enables the creditor to present a bankruptcy petition.
► seek· ExUnited Way chief William Aramony gets a seven-year prison sentence for embezzlement. 26 -- Bradlees seeks bankruptcy protection.
In 1999 it was revealed that he was close to bankruptcy. When inflation rises, so do bankruptcies.2[uncountable] a total lack of a particular good quality: the moral bankruptcy of terrorism