bankruptcy

/bˈæŋkɹəpsi/ · 3 syllables

Meaning

noun

1. a state of complete lack of some abstract property
   “spiritual bankruptcy”
2. inability to discharge all your debts as they come due
   “the company had to declare bankruptcy”
3. a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

Synonyms for bankruptcy

• failure