Last Updated
：2025/11/19
bankruptcy
IPA(Pronunciation)
Sense（1）
（ plural ）
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(finance, law) A legally declared or recognized condition of insolvency of a person or organization.
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bankruptcy
After months of declining sales and mounting debt, the company filed for bankruptcy to restructure its obligations.
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After months of declining sales and mounting debt, the company filed for bankruptcy to restructure its obligations.
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