Lexic.us

Definition of Bankruptcy

1. Noun. A state of complete lack of some abstract property. "Intellectual bankruptcy"

2. Noun. Inability to discharge all your debts as they come due. "Fraudulent loans led to the failure of many banks"

3. Noun. A legal process intended to insure equality among the creditors of a corporation declared to be insolvent.

Definition of Bankruptcy

1. n. The state of being actually or legally bankrupt.

Definition of Bankruptcy

1. Noun. A legally declared or recognized condition of insolvency of a person or organization. ¹

¹ Source: wiktionary.com

Definition of Bankruptcy

1. [n -CIES]

Medical Definition of Bankruptcy

1. The state of legal insolvency with assets taken over by judicial process so that they may be distributed among creditors. (12 Dec 1998)

Lexicographical Neighbors of Bankruptcy

banknote banknotes bankr. bankroll bankrolled bankroller bankrollers bankrolling bankrolls bankrupcies

bankrupcy bankrupt bankrupt cart bankrupt carts bankruptcies bankruptcy (current term) bankrupted bankrupting bankrupts banksia

banksia rose banksias bankside banksides banksman banksmen bankster banksters banlieue banlieues

Literary usage of Bankruptcy

Below you will find example usage of this term as found in modern and/or classical literature:

1. Reports of Cases Argued and Determined in the High Court of Chancery: During by Great Britain Court of Chancery, Edward Thurlow Thurlow, Alexander Wedderburn Rosslyn, Jonathan Cogswell Perkins (1845)
"The value to be proved on the bankruptcy of the grantor two yeara afterwards, ... 10127, 724;) but the actual value at the bankruptcy, with reference to the ..."

2. Supreme Court Reporter by Robert Desty, United States Supreme Court, West Publishing Company (1920)
"Adjudication in bankruptcy, while establishing as against the world, for the purpose of administering the debtor's property, his status as a bankrupt, is, ..."

3. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1886)
"[664] The only question considered at all these trials was whether the discharge of the defendant in the bankruptcy proceeding is under the facts found by ..."

4. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1885)
"the assignee in bankruptcy of one Nicholas Young, a sub-contractor under them. Under the rulings of the district court, which were affirmed by the circuit ..."

5. Principles of the English Law of Contract and of Agency in Its Relation to by William Reynell Anson (1906)
"bankruptcy. bankruptcy effects a statutory release from debts and liabilities provable under the bankruptcy, when the bankrupt has obtained from the court ..."

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