Definition of bankruptcy

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Bankruptcy (n.) The act or process of becoming a bankrupt.

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Bankrupt :: Bankrupt (n.) A person who, in accordance with the terms of a law relating to bankruptcy, has been judicially declared to be unable to meet his liabilities..
Failure :: Failure (n.) A becoming insolvent; bankruptcy; suspension of payment; as, failure in business..
Gazette :: Gazette (v. t.) To announce or publish in a gazette; to announce officially, as an appointment, or a case of bankruptcy..
Bankruptcy :: Bankruptcy (n.) Complete loss; -- followed by of.
Assignee :: Assignee (v.) In England, the persons appointed, under a commission of bankruptcy, to manage the estate of a bankrupt for the benefit of his creditors..
Bankruptcy :: Bankruptcy (n.) The act or process of becoming a bankrupt.
Ruin :: Ruin (n.) To bring to ruin; to cause to fall to pieces and decay; to make to perish; to bring to destruction; to bring to poverty or bankruptcy; to impair seriously; to damage essentially; to overthrow.
Bankruptcy :: Bankruptcy (n.) The state of being actually or legally bankrupt.
Bankrupt :: Bankrupt (a.) Relating to bankrupts and bankruptcy.
Smash :: Smash (n.) Hence, bankruptcy..
Bankrupt :: Bankrupt (a.) Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant..
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