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Definitions

bankruptcy

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


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In 2019, PG&E filed for bankruptcy protection to shield itself from tens of billions of dollars in potential liabilities after fires ignited by its grid killed more than 100 people.

From Los Angeles Times

The proposed buyer of the residential, hotel and retail project in bankruptcy proceedings is a partnership led by Kali P. Chaudhuri, whose KPC Development Co. owns and builds commercial properties in California and India.

From Los Angeles Times

The scale of the company’s accounting problems became clear only after it filed for bankruptcy, and the $1.1 billion in financing it received from debtor-in-possession lenders ran out.

From The Wall Street Journal

Sentiment began souring on private credit in September, after two private companies, First Brands and Tricolor, entered bankruptcy proceedings.

From Barron's

Supporters say it continues to give survivors a chance at justice, while Barger and other officials warn the cost of the litigation is driving local governments to the brink of bankruptcy.

From Los Angeles Times