Associations to the word «Bankruptcy»

Wiktionary

BANKRUPTCY, noun. A legally declared or recognized condition of insolvency of a person or organization.

Dictionary definition

BANKRUPTCY, noun. A state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy".
BANKRUPTCY, noun. 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".
BANKRUPTCY, noun. A legal process intended to insure equality among the creditors of a corporation declared to be insolvent.

Wise words

Watch your thoughts, they become your words. Watch your words, they become your actions. Watch your actions, they become your habits. Watch your habits, they become your character. Watch your character, it becomes your destiny.
Anonymous