Definition of "bankruptcy"
bankruptcy
/ˈbæŋk.ɹʌp(t).si/
noun
countable and uncountable, plural bankruptcies
(finance, law) A legally declared or recognized condition of insolvency of a person or organization.
countable and uncountable, plural bankruptcies
(finance, law) A legally declared or recognized condition of insolvency of a person or organization.