Bankruptcy
noun
The state of not being able to pay debts.
Many companies faced bankruptcy during the economic recession.
Often appears as...
- file for bankruptcy
- declare bankruptcy
noun
The state of being completely lacking or devoid of something.
His behavior showed a bankruptcy of basic human decency.
Often appears as...
- bankruptcy of morality
- bankruptcy of decency
noun
The state of not being able to pay debts.
Many companies faced bankruptcy during the economic recession.
Often appears as...
- file for bankruptcy
- declare bankruptcy
noun
The state of being completely lacking or devoid of something.
His behavior showed a bankruptcy of basic human decency.
Often appears as...
- bankruptcy of morality
- bankruptcy of decency
Definition 1 of 2
Pro Tip 1/3Legal Procedure
Bankruptcy involves legal actions to resolve debt problems, often through courts.
The business consulted a lawyer to navigate the bankruptcy process.
Pro Tip 2/3Financial Distress
Indicates extreme financial trouble, not just temporary money issues.
The repeated losses led to the company's bankruptcy.
Pro Tip 3/3Not for Individuals
Although people can go bankrupt, it's more commonly associated with businesses.
Despite personal debts, he avoided individual bankruptcy.
Pro Tip 1/3Legal Procedure
Bankruptcy involves legal actions to resolve debt problems, often through courts.
The business consulted a lawyer to navigate the bankruptcy process.
Pro Tip 2/3Financial Distress
Indicates extreme financial trouble, not just temporary money issues.
The repeated losses led to the company's bankruptcy.
Pro Tip 3/3Not for Individuals
Although people can go bankrupt, it's more commonly associated with businesses.
Despite personal debts, he avoided individual bankruptcy.
Pro Tip 1/3Legal Procedure
Bankruptcy involves legal actions to resolve debt problems, often through courts.
The business consulted a lawyer to navigate the bankruptcy process.
Pro Tip 2/3Financial Distress
Indicates extreme financial trouble, not just temporary money issues.
The repeated losses led to the company's bankruptcy.
Pro Tip 3/3Not for Individuals
Although people can go bankrupt, it's more commonly associated with businesses.
Despite personal debts, he avoided individual bankruptcy.
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Video examples
What if all US health...
And then there was the hospital that continued to bill a dead man. We learned that thousands of people wanted to tell us their prices. They want to learn what stuff costs, find out how to argue a bill, help us solve this problem that's hurting them and their friends and families. We talked to people who had to sell a car to pay a health bill, go into bankruptcy, skip a treatment because of the cost.
Video examples
Itamar Mann: An app that...
And when you're in Danielle's shoes, bankruptcy is a lifeline. It's a powerful legal tool that allows you to relieve your debt and re-enter the economy. Medical emergency, a job loss, a divorce. These are financial shocks that could happen to any of us. And when you're living paycheck to paycheck
Video examples
The alliances needed to...
political tension is the social tensions and I think it get worse because let's be clear the worst of the economic fallout is in a sense yet to come in parts of the world where it hasn't yet arrived and in parts of the world bread will translate into you know bankruptcies millions of jobs
Video examples
Paul Gilding: The Earth...
and to redirect the auto industry, and from there to rationing of food and energy. Think about how a company responds to a bankruptcy threat and how a change that seemed impossible just gets done. Think about how an individual responds to a diagnosis of a life-threatening illness
Video examples
The accelerating power...
It's pretty remarkable how smooth an exponential process that is. I mean, you'd think this is the result of some tabletop experiment, but this is the result of worldwide chaotic behavior -- countries accusing each other of dumping products, IPOs, bankruptcies, marketing programs.
Video examples
Don't fail fast -- fail...
where the beginning of their bankruptcy was publicly announced. And in order to avoid immediate imprisonment, they had to wear a green bonnet so that everyone knew they were a failure. Of course, these are extreme examples. But it is important to remember
Video examples
How did Dracula become...
without paying royalties. Despite changes in character names and minor plot points, the parallels were obvious, and the studio was sued into bankruptcy. To prevent more plagiarism attempts, Stoker's widow decided to establish copyright
Video examples
Elon Musk talks Twitter,...
this longest period of excruciating pain in my life there wasn't any other way and we barely made it and we're on the ragged edge of bankruptcy the entire time so when you felt like i want pain i don't like it
Video examples
Detroit’s Urban...
during the crisis and during the foreclosure and a bankruptcy of Detroit a lot of people lost their homes and moved out unfortunately within the area the city is not building any new homes
Video examples
The Latin America that...
the political spectrum at that time the word Colombian ization meant a spiral of increased violence and the bankruptcy of civic institutions today Colombian
Video examples
What if all US health...
And then there was the hospital that continued to bill a dead man. We learned that thousands of people wanted to tell us their prices. They want to learn what stuff costs, find out how to argue a bill, help us solve this problem that's hurting them and their friends and families. We talked to people who had to sell a car to pay a health bill, go into bankruptcy, skip a treatment because of the cost.
Video examples
Itamar Mann: An app that...
And when you're in Danielle's shoes, bankruptcy is a lifeline. It's a powerful legal tool that allows you to relieve your debt and re-enter the economy. Medical emergency, a job loss, a divorce. These are financial shocks that could happen to any of us. And when you're living paycheck to paycheck
Video examples
The alliances needed to...
political tension is the social tensions and I think it get worse because let's be clear the worst of the economic fallout is in a sense yet to come in parts of the world where it hasn't yet arrived and in parts of the world bread will translate into you know bankruptcies millions of jobs
Video examples
Paul Gilding: The Earth...
and to redirect the auto industry, and from there to rationing of food and energy. Think about how a company responds to a bankruptcy threat and how a change that seemed impossible just gets done. Think about how an individual responds to a diagnosis of a life-threatening illness
Video examples
The accelerating power...
It's pretty remarkable how smooth an exponential process that is. I mean, you'd think this is the result of some tabletop experiment, but this is the result of worldwide chaotic behavior -- countries accusing each other of dumping products, IPOs, bankruptcies, marketing programs.
Video examples
Don't fail fast -- fail...
where the beginning of their bankruptcy was publicly announced. And in order to avoid immediate imprisonment, they had to wear a green bonnet so that everyone knew they were a failure. Of course, these are extreme examples. But it is important to remember
Video examples
How did Dracula become...
without paying royalties. Despite changes in character names and minor plot points, the parallels were obvious, and the studio was sued into bankruptcy. To prevent more plagiarism attempts, Stoker's widow decided to establish copyright
Video examples
Elon Musk talks Twitter,...
this longest period of excruciating pain in my life there wasn't any other way and we barely made it and we're on the ragged edge of bankruptcy the entire time so when you felt like i want pain i don't like it
Video examples
Detroit’s Urban...
during the crisis and during the foreclosure and a bankruptcy of Detroit a lot of people lost their homes and moved out unfortunately within the area the city is not building any new homes
Video examples
The Latin America that...
the political spectrum at that time the word Colombian ization meant a spiral of increased violence and the bankruptcy of civic institutions today Colombian
Example 1 of 10
Quote examples
Noam Chomsky
American Activist
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
Quote examples
John Delaney
American Politician
All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact that many of them have paid the money back, nor should we be.
Quote examples
Thomas Frank
American Author
Liberal that I am, I support health-care reform on its merits alone. My liberal blood boils, for example, when I read that half of the personal bankruptcies in this country are brought on, in part, by medical expenses.
Quote examples
Ruben Hinojosa
American Politician
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.
Quote examples
Katie Porter
American Politician
I became a professor myself, teaching bankruptcy and consumer protection. I conducted a national study of mortgage companies in bankruptcy. And what I found was that big banks routinely broke the law.
Quote examples
Elizabeth Warren
American Public Servant
Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.
Quote examples
Ralph Waldo Emerson
American Philosopher
It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.
Quote examples
Barbara Mikulski
American Politician
Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.
Quote examples
Marilyn vos Savant
American Writer
Know what happens when an individual declares bankruptcy and how it affects his or her life.
Quote examples
Bret Stephens
American Journalist
Generosity is a virtue, but unlimited generosity is a fast route to bankruptcy.
Quote examples
Noam Chomsky
American Activist
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
Quote examples
John Delaney
American Politician
All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact that many of them have paid the money back, nor should we be.
Quote examples
Thomas Frank
American Author
Liberal that I am, I support health-care reform on its merits alone. My liberal blood boils, for example, when I read that half of the personal bankruptcies in this country are brought on, in part, by medical expenses.
Quote examples
Ruben Hinojosa
American Politician
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.
Quote examples
Katie Porter
American Politician
I became a professor myself, teaching bankruptcy and consumer protection. I conducted a national study of mortgage companies in bankruptcy. And what I found was that big banks routinely broke the law.
Quote examples
Elizabeth Warren
American Public Servant
Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.
Quote examples
Ralph Waldo Emerson
American Philosopher
It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.
Quote examples
Barbara Mikulski
American Politician
Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.
Quote examples
Marilyn vos Savant
American Writer
Know what happens when an individual declares bankruptcy and how it affects his or her life.
Quote examples
Bret Stephens
American Journalist
Generosity is a virtue, but unlimited generosity is a fast route to bankruptcy.
Example 1 of 10
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