Bankruptcy
/bˈæŋkrəpsi/
Listen pronunciation
Definition
(noun) A legally declared or recognized condition of insolvency of a person or organization.
Sentence Examples
There's a rumor in the air that the firm is going into bankruptcy.
There's another rumor in the air that the firm is going into bankruptcy.
CEFR Practice Quiz
The businessman filed for ____ because he could not pay his debts.