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bankruptcy
noun as in inability to pay debts
Example Sentences
“I just got word 15 minutes ago that my lawyers and folks met with the U.S. trustee over our bankruptcy this morning and they said they are shutting us down even without a court order this morning,” he wrote on social media.
The Sandy Hook lawsuit drove Jones to bankruptcy, and a Houston judge ruled that Infowars and other assets owned by Jones could be auctioned off to pay off his creditors.
The Onion, a satirical news site that satirizes current affairs and the journalists who cover it, said on Thursday that it had won the bankruptcy auction to control Infowars and other media outlets founded by Alex Jones, a far-right peddler of conspiracy theories.
In the real world, he's a failed businessman who repeatedly filed for bankruptcy after losses so huge that even decades of fraud and two cash infusions amounting to nearly a billion dollars couldn't safeguard him.
With his acting career fading and most of his fortune gone, the 75-year-old has been fighting to stave off bankruptcy and keep the park open — including selling his two apartments and a yacht and moving into the park.
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From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
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