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/bˈæŋkrəpsi/ /bˈæŋkrəptsi/ Listen

Bankruptcy

noun

(pl. bankruptcies)

A state of complete lack of some abstract property. "Moral bankruptcy" , "Intellectual bankruptcy"

Inability to discharge all your debts as they come due. Synonym: failure. "Fraudulent loans led to the failure of many banks"

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

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"Bankruptcy" Quotes from Famous Books

... Orgreave's got too many ideas—that's what's the matter with him. He'll idea me into the bankruptcy court if he ...

— Clayhanger • Arnold Bennett

... a similar dilemma? How many houses and husbands are rendered uncomfortable by the constant dissatisfaction of a wife with present comforts and present provisions! How many bright prospects for business have ended in bankruptcy and ruin in order to satisfy this secret hankering after fashionable superfluities! Could the real cause of many failures be known, it would be found to result from useless expenditures at home—expenses to answer the demands of fashion and "what ...

— Choice Readings for the Home Circle • Anonymous

... Berlin Conference had recently added the province of Thessaly. Yet the major part of the Greek race still awaited liberation from the Turkish yoke, and regarded the national kingdom, chronically incapacitated by the twin plagues of brigandage and bankruptcy, with increasing disillusionment. The kingdom of Hellas seemed to have ...

— The Balkans - A History Of Bulgaria--Serbia--Greece--Rumania--Turkey • Nevill Forbes, Arnold J. Toynbee, D. Mitrany, D.G. Hogarth

... "that's just what they're doing with it. They have only the income now, but this Fall, when they're twenty-one, they'll come into possession of the principal. I prophesy bankruptcy in five years." ...

— Old Rose and Silver • Myrtle Reed

... knew, and Milton was too proud to tell. The brown thrush, rival of the lark and mockingbird, seldom seeks the society of the blue jay. But it did this time. The Powells were a roaring, riotous, roystering, fox-hunting, genteel, but reduced family, on the eve of bankruptcy, ...

— Little Journeys to the Homes of the Great, Volume 5 (of 14) • Elbert Hubbard

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