noun ·Moderate ·College level

Definitions

Noun

1. 1
   A legally declared or recognized condition of insolvency of a person or organization. countable, uncountable

   "The company ended up filing for bankruptcy."

2. 2
   a legal process intended to insure equality among the creditors of a corporation declared to be insolvent wordnet
3. 3
   a rule in Tycoon where if the top player does not get first place that round, they instantly get last place countable, uncountable
4. 4
   inability to discharge all your debts as they come due wordnet
5. 5
   a state of complete lack of some abstract property wordnet

Synonyms

All synonyms

bouncing checkbreakagebreakdownbustcollapsecrack up

Example

More examples

"There's a rumor in the air that the firm is going into bankruptcy."

Etymology

From bankrupt + -cy, replacing earlier bankruptship.

Related phrases

bankruptcy orderemail bankruptcymoral bankruptcypre-packaged bankruptcyquick bankruptcy

Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.