bankruptcy

(redirected from Bankrupcy)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
Related to Bankrupcy: Chapter 13

bankruptcy,

n the legal process by which a person, business, or corporation is declared to be insolvent and unable to pay creditors.
References in periodicals archive ?
Bankruptcy under Chapter 11 "wipes out prior debt to bankrupcy prepetition debt," McNeil said.
The Moststroy bankrupcy provoked controversy in Bulgaria, with speculations rife that it was intentional.
The bookmaker is still taking bets on the market, with Air Berlin the current favourite at 7/1 to become the first airline to follow XL into administration or bankrupcy.
ALTHOUGH bankrupcy is pretty much a last resort, it is an option being looked at by an increasing number of people.
As soon as a deal is struck with their bondholders NTL, which is based in New York, is expected to file for Chapter 11 bankrupcy protection.
Any normal, sane, rational woman would by now, we reason, have divorced herself from a man who consorted with prostitututes, plunged the family into bankrupcy, ran a string of mistresses and proved themselves 2a terminal liar.
THE RISE: With his wife Liz as he was picked for the Tories to fight the Vale of Glamorgan in 1989, and campaigning with William Hague in Llandudno AND THE FALL: Arriving at court accused of attacking a young woman he met in a pizza parlour, in 2000, and outside the High Court in 2000 after fending off a bankrupcy petition