[ bangk-ruhpt-see, -ruh p-see ]
/ ˈbæŋk rʌpt si, -rəp si /

noun, plural bank·rupt·cies.

the state of being or becoming bankrupt.
utter ruin, failure, depletion, or the like.

Origin of bankruptcy

First recorded in 1690–1700; bankrupt + -cy


pre·bank·rupt·cy, noun, plural pre·bank·rupt·cies.

Example sentences from the Web for bankruptcy

British Dictionary definitions for bankruptcy

/ (ˈbæŋkrʌptsɪ, -rəptsɪ) /

noun plural -cies

the state, condition, or quality of being or becoming bankrupt

Cultural definitions for bankruptcy


Legally declared insolvency, or inability to pay creditors.

notes for bankruptcy

If an individual or a corporation declares bankruptcy, a court will appoint an official to make an inventory of the individual's or corporation's assets and to establish a schedule by which creditors can be partially repaid what is owed them.

notes for bankruptcy

An individual who is lacking a specific resource or quality is sometimes said to be bankrupt, as in intellectually bankrupt or morally bankrupt.