Associations to the word «Bankruptcy»

BANKRUPTCY, noun. A legally declared or recognized condition of insolvency of a person or organization.

BANKRUPTCY, noun. A state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy".

BANKRUPTCY, noun. Inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks".

BANKRUPTCY, noun. A legal process intended to insure equality among the creditors of a corporation declared to be insolvent.