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bankruptcy (n):
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
bankruptcy (n):
inability to discharge all your debts as they come due
Samples
the company had to declare bankruptcy.
fraudulent loans led to the failure of many banks

Related Words: failure
bankruptcy (n):
a state of complete lack of some abstract property
Samples
spiritual bankruptcy.
moral bankruptcy.
intellectual bankruptcy
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Next Proverb

Many waters cannot quench love, nor can the floods drown it

Aşk ateşi suyla sönmez.
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