Definitions
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
Word origin
From bankrupt + -cy, replacing earlier bankruptship.
Used in a sentence
“The company ended up filing for bankruptcy.”
“He declared that these drastic steps would undoubtedly inconvenience a good many people, but the alternative was bankruptcy of the Ulster Transport Authority and the breakdown of public transport services.”
Source: Wiktionary, CC BY-SA 4.0
Used as a crossword answer1 curated clues
01“Legal insolvency”10 letters
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