n. state of being unable to pay your debts
That holding company has been in bankruptcy proceedings since last June.
Sentence in Classic:
Then bankruptcy had come; and as the old man had nothing left but a cart and a horse, and neither family nor children, he had turned carter.
Les Misérables (V1) By Victor Hugo Context
Madeleine had set were tangled and broken, the methods were adulterated, the products were debased, confidence was killed; the market diminished, for lack of orders; salaries were reduced, the workshops stood still, bankruptcy arrived.
Les Misérables (V2) By Victor Hugo Context
Since 1823, when the tavern of Montfermeil was on the way to shipwreck and was being gradually engulfed, not in the abyss of a bankruptcy, but in the cesspool of petty debts, the Thenardier pair had had two other children; both males.
Les Misérables (V4) By Victor Hugo Context
Morrel is utterly ruined; he has lost five ships in two years, has suffered by the bankruptcy of three large houses, and his only hope now is in that very Pharaon which poor Dantes commanded, and which is expected from the Indies with a cargo of cochineal and indigo.
The Count of Monte Cristo By Alexandre Dumas Context
Not even ten additional years of slavery could have done so much to throttle the thrift of the freedmen as the mismanagement and bankruptcy of the series of savings banks chartered by the Nation for their especial aid.
The Souls of Black Folk By W. E. B. Du Bois Context