bankruptcy bankruptcy  /ˈbæŋ krəp si/

Definition(s):

  1. (n) a state of complete lack of some abstract property
  2. (n) inability to discharge all your debts as they come due
  3. (n) a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

Usage(s):

  1. The high court permits troubled firms to cancel union pacts In most dictionaries, bankruptcy is a polite word for going belly up.
  2. If GM files for bankruptcy, it may do so in a city far, far away from its employees or suppliers.
  3. Clinton favored revamping the bankruptcy laws but thought the bill was not even handed.

News

  1. Bankruptcy Lawyer Completes Bankruptcy Information Brea Page To Help Answer Residents' Questions About California ...

    The bankruptcy attorneys in Brea Zhou & Chini recently finished an important informational page on bankruptcy for Brea locals. The information on the page displays the information about California bankruptcy exemptions and more. (PRWeb June 14, 2013) Read the full story at http://www.prweb.com/releases/bankruptcy-information/Brea-bankruptcy-attorney/prweb10829061.htm
    on June 14, 2013     Source: PRWeb

  2. When Bankruptcy Freezes an Airline Credit Card, What Happens to the Miles?

    If a rewards card is frozen during bankruptcy, you may still have access to most of the points you've earned. It depends on whether the card is co-branded with a travel partner.
    on June 14, 2013     Source: FOX Business

  3. California Bankruptcy Attorney Completes Bankruptcy Information Hemet Page For New Wiki Site

    Newly completed bankruptcy Hemet page for local Riverside County residents gives all the information about filing. Zhou & Chini continues to build valuable information pertaining to California bankruptcy exemptions . (PRWeb June 13, 2013) Read the full story at http://www.prweb.com/releases/bankruptcy-information/Hemet-bankruptcy-lawyer/prweb10823166.htm
    on June 13, 2013     Source: PRWeb

Wiki Images for bankruptcy

definition of bankruptcy

Quotes

  1. "If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy and liquidation for the automakers," Bush said, warning that to do nothing would deepen and prolong the US recession.
    on Dec 18, 2008 By: President Bush Source: Reuters UK

  2. "I believe an intervention will happen, either legislatively or from the administration," Pelosi said. "I think it's pretty clear that bankruptcy is not an option."
    on Dec 3, 2008 By: Nancy Pelosi Source: Detroit Free Press

  3. At a March 5 health-care forum, Obama said, "The cost of health care now causes a bankruptcy in America every 30 seconds."
    on Mar 5, 2009 By: Barack Obama Source: Media Matters for America

Word of the Day
profusion profusion
/prə ˈfju ʒən /