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bankruptcy
noun as in inability to pay debts
Example Sentences
AllHere is now in Chapter 7 bankruptcy, its employees have been laid off, and the company is under the control of a court-appointed bankruptcy trustee, according to the U.S. attorney’s office.
US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts.
In the wake of Red Lobster filing for bankruptcy, Public Enemy rapper Flavor Flav shared that he visited a restaurant location and ordered everything on the menu in an attempt to save the chain’s business.
The retailers were among many companies that enlisted Mr. Perez’s services after he and his firms endured government raids, arrests, bankruptcies, indictments and lawsuits, according to interviews, BaronHR client records and court filings.
Council budgets are stretched, some teetering on the edge of bankruptcy, in part because of care costs.
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From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
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