1. bankruptcy, failure

usage: a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"

2. bankruptcy, failure, insolvency

usage: inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"

3. bankruptcy, proceeding, legal proceeding, proceedings

usage: a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

WordNet 3.0 Copyright © 2006 by Princeton University.
All rights reserved.

See also: bankruptcy (Dictionary)