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  1. Dictionary
    bankruptcy
    /ˈbaŋkrʌp(t)si/

    noun

    • 1. the state of being bankrupt: "many companies were facing bankruptcy"
    • 2. the state of being completely lacking in a particular good quality: "the intellectual bankruptcy of the corporate media"

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    More definitions, origin and scrabble points

  2. www.investopedia.com › terms › bBankruptcy Explained: Types and How It Works - Investopedia

    May 24, 2024 · Bankruptcy is a legal proceeding carried out to free individuals or businesses from their debts. Creditors still have an opportunity for repayment with the bankruptcy...

  3. en.wikipedia.org › wiki › BankruptcyBankruptcy - Wikipedia

    Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor .

  4. www.judiciary.gov.sg › civil › what-being-a-bankrupt-meansWhat it means to be a bankrupt (from 1 April 2022)

    Apr 1, 2022 · Bankruptcy. File for bankruptcy for yourself (from 1 April 2022) What it means to be a bankrupt (from 1 April 2022) As a debtor, you should consider the consequences and alternatives to bankruptcy before proceeding with your case. What to consider before your bankruptcy case.

  5. www.merriam-webster.com › dictionary › bankruptcyBankruptcy Definition & Meaning - Merriam-Webster

    The meaning of BANKRUPTCY is the quality or state of being bankrupt. How to use bankruptcy in a sentence.

  6. dictionary.cambridge.org › dictionary › englishBANKRUPTCY | English meaning - Cambridge Dictionary

    BANKRUPTCY definition: 1. a situation in which a business or a person becomes bankrupt: 2. the fact of good qualities…. Learn more.

  7. www.nerdwallet.com › article › financeWhat Is Bankruptcy? Definition, Types and What to Know

    Nov 21, 2023 · Bankruptcy is a legal tool to help you manage overwhelming debt. Common types include Chapter 7 and Chapter 13. Learn whether bankruptcy is right for you.

  8. www.britannica.com › money › bankruptcyBankruptcy | Definition, History, Examples, & Facts

    Jun 18, 2024 · bankruptcy, the status of a debtor who has been declared by judicial process to be unable to pay his debts. Although sometimes used indiscriminately to mean insolvency, the terms have distinct legal significance. Insolvency, as used in most legal systems, indicates the inability to meet debts.

  9. www.debt.org › bankruptcyBankruptcy: How It Works and Consequences - Debt.org

    Bankruptcy is a proceeding where a judge and court-appointed trustee examine the assets and liabilities of individuals, partnerships and businesses who’ve concluded they can’t pay their debts. Experts say it should be a last resort to settle your financial woes.

  10. www.forbes.com › advisor › debt-reliefWhat Is Bankruptcy? – Forbes Advisor

    Feb 7, 2022 · Bankruptcy is a legal process that lets individuals or businesses overburdened with debt eliminate debts and start fresh or, in some cases, work out deals with creditors...

  11. legaldictionary.net › bankruptcyBankruptcy - Definition, Examples, Cases, Processes - Legal...

    Jun 4, 2015 · Bankruptcy is a legal process that allows consumers and business entities to eliminate some, or all, of their debts by order of a federal court.