dictionary.pt

bankruptcy

nounfeminineformalcommon/bɐ̃.kɐˈʁɔ.tɐ/ban·car·ro·ta

Definition

The legal status of a person or entity that cannot repay the debts it owes to creditors.

“The company filed for bankruptcy last month.”

“He lost everything after his business went into bankruptcy.”

declare bankruptcyfile for bankruptcybankruptcy law