bankruptcy - definition and synonyms

 
noun 

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/ˈbæŋkrʌptsi/
singularbankruptcy
pluralbankruptcies
  1. 1
    [countable/uncountable] a situation in which a person or business becomes bankrupt
    face bankruptcy:

    Many small farmers are facing bankruptcy.

    declare bankruptcy:

    The company declared bankruptcy in 1997.

     Synonyms and related words
  2. 2
    [uncountable] formal a complete lack of good qualities

    moral bankruptcy

     Synonyms and related words