bankruptcy

Other Definitions
bankruptcy (enc)

Noun	1.	bankruptcy - a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy" failure - lack of success; "he felt that his entire life had been a failure"; "that year there was a crop failure"
	2.	bankruptcy - 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" failure insolvency - the lack of financial resources
	3.	bankruptcy - a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy legal proceeding, proceeding, proceedings - (law) the institution of a sequence of steps by which legal judgments are invoked jurisprudence, law - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"

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