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Definitions

bankruptcy

[bangk-ruhpt-see, -ruhp-see] / ˈbæŋk rʌpt si, -rəp si /


Example Sentences

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Goad was one of the first hires made by Claire’s new owner, the private-equity firm Ames Watson, which last September bought the chain for $140 million out of its second bankruptcy.

From The Wall Street Journal • May 16, 2026

Although the chain closed locations following its bankruptcy, it is renegotiating leases to close dozens more to reduce costs.

From The Wall Street Journal • May 15, 2026

Monk's time in office was marked by controversy, with council tax going up by 9% and the authority needing £59.9m in emergency government help to avoid effective bankruptcy.

From BBC • May 14, 2026

Wolfspeed exited Chapter 11 bankruptcy in September, and shares have surged since the financial restructuring.

From Barron's • May 13, 2026

On Monday, Lehman Brothers had filed for bankruptcy, and Merrill Lynch, having announced $55.2 billion in losses on subprime bond–backed CDOs, had sold itself to Bank of America.

From "The Big Short" by Michael Lewis




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