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bankruptcy
noun as in inability to pay debts
Example Sentences
Speaking outside court, Ali warned that the "Green Party is continuing to play a dangerous game" and further legal action could lead to "bankruptcy this time".
In January, Joann filed for bankruptcy, citing lower sales and an inventory shortage.
The council is taking urgent action to avoid bankruptcy by next April, aiming to make savings to prevent going over budget by £35.2m this financial year.
"The move reflects not Pakistan's strength - it remains on the brink of bankruptcy - but Saudi Arabia's ambitions", he says.
The announcement comes less than a month after the airline filed for Chapter 11 bankruptcy in August — its second bankruptcy filing in a year.
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From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
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