- bankruptcy - a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
--1 is a kind of failure
- bankruptcy, failure - inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
--2 is a kind of insolvency
Derived form: verb bankrupt1 - bankruptcy - a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
--3 is a kind of proceeding, legal proceeding, proceedings
- bankruptcy, failure - inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"