Copyright © Philip M. Parker, INSEAD. Terms of Use.
Definitions: Bankruptcy |
BankruptcyNoun1. A state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy". 2. Inability to discharge all your debts as they come due. 3. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy. Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. |
Date "bankruptcy" was first used in popular English literature: sometime before 1657. (references) |
| Domain | Definitions |
Economics | The condition of a legal entity that does not have the financial means to pay their incurred debts as they come due. In the U.S. this status is established through legal procedures involving a petition by the bankrupt or by its creditors. (references) |
Finance | The legal process in which a person or firm declares inability to pay debts. Any available assets are liquidated and the proceeds are distributed to creditors. A person or firm may be declared bankrupt under one of several chapters of the federal bankruptcy code: Chapter 7, which covers liquidation of the doubter's assets; Chapter 11, which covers reorganization of bankrupt businesses; or Chapter 13, which covers work-outs of debts by individuals. Upon a court declaration of bankruptcy, a person or firm surrenders assets to a court-appointed trustee, and is relieved from the payment of previous debts. (references) |
Health | The state of legal insolvency with assets taken over by judicial process so that they may be distributed among creditors. (references) |
Law | The state of a person or company which declares itself or has been declared by court not to be capable of paying its debts and whose affairs are put into the hands of a receiver. Source: European Union. (references) |
| Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings. (references) | |
Source: compiled by the editor from various references; see credits. | |
(From Wikipedia, the free Encyclopedia)
simple:Bankrupt
Bankruptcy is a legally declared inability of an individual or organisation to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt individual or organisation, or it can be requested by creditors in an effort to recoupe a proportion of what they are owed.
Bankruptcy allows the debtor to resolve his debts through the division of his assets among his creditors. Additionally the declaration of bankruptcy allows debtors to be discharged of most of the financial obligations, after their assets are distributed, even if their debts have not been paid in full. They are often then restricted in their ability to own any assets for a period of time.
Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Bankruptcy."
Synonyms: BankruptcySynonyms: Business failures, Insolvency. (additional references) |
| Context | Synonyms within Context (source: adapted from Roget's Thesaurus). |
Failure | Fall, downfall, ruin, perdition; wreck; (destruction); deathblow; bankruptcy; (nonpayment). |
Nonpayment | Insolvency, bankruptcy, failure; insufficiency; run upon a bank; overdrawn account. |
| Source: adapted from Roget's Thesaurus. | |
Crosswords: Bankruptcy |
| English words defined with "bankruptcy": Act of bankruptcy ♦ bankrupt, Bankruptcies, break ♦ Commission of bankruptcy ♦ receiver-creditor relation, ruin ♦ stay. (references) |
| Specialty definitions using "bankruptcy": Black Lists, blue chips ♦ cramdown ♦ Dealer trust, defaulting administrator, defaulting executor, disposal of seized,attached or officially recorded assets ♦ fraudulent bankruptcy ♦ glamour stock ♦ reaffirmation agreement, reckless bankruptcy and reduction of assets ♦ Seymour Cray, subordinated debt ♦ zero-hour clause. (references) |
| Domain | Usage | |
Screenplays | It means bankruptcy and scandal and prison. (It's a Wonderful Life; writing credit: Philip Van Doren Stern; Frances Goodrich) | |
Movie/TV Titles | ||
Source: compiled by the editor from various references; see credits. | ||
| Domain | Title | ||
Books |
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Periodicals | |||
Theater & Movies | |||
Source: compiled by the editor from various references; see credits. | |||
| Author | Date | Quotation |
Treaty of Versailles | 1919 | The Government guarantee specified in paragraph (b) of Article 296 shall take effect whenever, for any reason, a debt shall not be recoverable, except in a case where at the date of the outbreak of war the debt was barred by the laws of prescription in force in the country of the debtor, or where the debtor was at that time in a state of bankruptcy or failure or had given formal indication of insolvency, or where the debt was due by a company whose business has been liquidated under emergency legislation during the war. (reference) |
Source: compiled by the editor from various references. | ||
| Title | Author | Quote |
Les Miserables | Hugo, Victor | Marius had learned at Montfermeil of the ruin and bankruptcy of the unlucky innkeeper. |
Source: compiled by the editor from various references. | ||
| Subject | Topic | Quote |
Business | It is said that many Pre-pagas are bordering bankruptcy due to difficulties in collecting pending debts. (references) | |
China continues to work on additional legislation to address the inadequacies of current bankruptcy laws. (references) | ||
FICAP believes that large cable operators with foreign equity will result in the bankruptcy of FICAP's members. (references) | ||
Civil Liberties | Croatia | Due to mismanagement, Tisak faced bankruptcy proceedings and was administered by the Government's Privatization Fund during the year. (references) |
Burma | The government allegedly refuses to document Burmese seafarers who are stranded abroad due to the sinking of their ship or bankruptcy of the ship owners. (references) | |
Singapore | In July J.B. Jeyaretnam, an opposition nonelected Member of Parliament (M.P.) from the Worker's Party (WP), lost an appeal and was declared bankrupt for failure to pay the defamation damages ordered against him in earlier years; the bankruptcy judgment stemmed from an article in a WP publication. (references) | |
Economic History | Poland | Poland has a bankruptcy law. (references) |
Kenya | Kenya does not have a bankruptcy law. (references) | |
Zambia | There is no bankruptcy law in Zambia. (references) | |
Human Rights | Sweden | If a person files for bankruptcy and refuses to cooperate with an official investigation, a court may order detention for up to 3 months, with judicial review every 2 weeks. (references) |
Singapore | In July opposition politician J.B. Jeyaretnam's bankruptcy appeal was witnessed by a Canadian observer, who acted as a representative of both Amnesty International and the Lawyers' Rights Watch in Canada. (references) | |
Political Economy | CZECH REPUBLIC | A complete overhaul of the bankruptcy code is under consideration for late 2001. (references) |
Political Rights | Singapore | As a result of the bankruptcy declaration, Jeyaretnam also lost his parliamentary seat. (references) |
Singapore | He likely will be required to discharge all of these debts before the bankruptcy order against him is lifted. (references) | |
Singapore | It intimidates the members of the opposition through the threat of libel suits and the subsequent loss of their political future, since large judgments in libel suits can lead to bankruptcy, and under the law bankrupt persons are ineligible to sit in Parliament. (references) | |
Trade | Mexico | Another recent development in the financial sector is the approval of a new law to expedite the bankruptcy process. (references) |
Korea | Daewoo's demise, which involved around $80 billion of unpaid debt, was easily the world's biggest corporate bankruptcy. (references) | |
Japan | With the trading company taking on the risk of the transaction, the U.S. firm is protected from the possible bankruptcy of the smaller company. (references) | |
Worker Rights | Israel and the occupied territories | They continue to be insured for injuries suffered while working in the country, maternity leave, as well as the bankruptcy of a worker's employer. (references) |
Source: compiled by the editor from ICON Group International, Inc.; see credits. | ||
| Speaker | Term | Phrase(s) |
Bill Clinton | 1993-2001 | Last year we began to put our house in order by tackling the budget deficit that was driving us toward bankruptcy. |
Source: compiled by the editor from various references. | ||
| "Bankruptcy" is generally used as a noun (singular) -- approximately 98.75% of the time. "Bankruptcy" is used about 957 times out of a sample of 100 million words spoken or written in English. Its rank is based on over 700,000 words used in the English language. Some parts-of-speech are not covered due to the samples used by the British National Corpus. (note: percents less than one-hundredth of one percent have been omitted) |
| Parts of Speech | Percent | Usage per 100 Million Words | Rank in English |
| Noun (singular) | 98.75% | 945 | 7,678 |
| Noun (proper) | 1.04% | 10 | 111,207 |
| Noun (common) | 0.21% | 2 | 245,945 |
| Total | 100.00% | 957 | N/A |
Source: compiled by the editor from several corpora; see credits.
Expressions using "bankruptcy": Act of bankruptcy ♦ bankruptcy act ♦ bankruptcy law ♦ bankruptcy proceedings ♦ Commission of bankruptcy ♦ declaration of bankruptcy ♦ faked bankruptcy ♦ fraudulent bankruptcy ♦ fraudulet bankruptcy ♦ petition in bankruptcy ♦ receiver in bankruptcy ♦ reckless bankruptcy and reduction of assets ♦ referee in bankruptcy ♦ registrar in bankruptcy. Additional references. | |
| Hyphenated Usage | |
Beginning with "bankruptcy": bankruptcy-reform. | |
Ending with "bankruptcy": near-bankruptcy. | |
| Source: compiled by the editor from various references; see credits. | |
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Expression | Frequency per Day |
bankruptcy | 11,625 |
filing bankruptcy | 972 |
bankruptcy chapter 7 | 971 |
bankruptcy law | 968 |
chapter 13 bankruptcy | 608 |
personal bankruptcy | 590 |
bankruptcy court | 524 |
bankruptcy information | 498 |
bankruptcy form | 416 |
file bankruptcy | 360 |
| Source: compiled by the editor from various references; see credits. | |
| Language | Translations for "bankruptcy"; alternative meanings/domain in parentheses. | |
Afrikaan | bankrot (bankrupt, failure). (various references) | |
Albanian | falimentim (crash, dilapidation, failure). (various references) | |
Arabic | إفلاس كامل, إفلاس (bust, failure, fall, going into liquidation, insolvency, smash), إفتقار كامل. (various references) | |
Bulgarian | банкрут (breakdown, bust, insolvency), провал (collapse, downfall, failure, mucker, ruin, sucks, unsuccess). (various references) | |
Chinese | 产 (Bankrupt, Bankruptcies, insolvent). (various references) | |
Czech | bankrot, konkurs (audition, competition), úpadek (come down, comedown, decadence, decay, decline, degradation, deterioration, labefaction, lapse, recession, retrogression, retroversion). (various references) | |
Danish | konkurs (insolvency). (various references) | |
Dutch | faillissement (failure). (various references) | |
Esperanto | bankroto (failure). (various references) | |
Faeroese | húsagangur (failure). (various references) | |
Finnish | vararikko (failure, insolvency), konkurssi (bankruptcy with irregularities deemed a breach of the law, failure). (various references) | |
French | faillite, banqueroute (bankrupt). (various references) | |
Frisian | bankerot (bankrupt, failure), fallisemint (failure). (various references) | |
German | konkurs (failure). (various references) | |
Greek | χρεωκοπία. (various references) | |
Hebrew | פשיטת ר'ל (failure, insolvency), בריח" (desertion, escape, flight). (various references) | |
Hungarian | fizetésképtelenség (default, insolvency). (various references) | |
Indonesian | kepailitan, kebangkrutan. (various references) | |
Italian | fallimento (abortion, bankrupt, bust, crackup, defeat, failing, failure, fiasco, miscarriage, smashup, washout). (various references) | |
Japanese Kanji | 綻 (failure), " , '" (insolvency). (various references) | |
Japanese Katakana | はた" (failure), はさ" (checking, doing again, figuring), とうさ" (farmers who abandoned their fields and fled to the cities or other districts to evade onerous taxes, father, fleeing in all directions, insolvency). (various references) | |
Korean | 파산 (Bankruptcies). (various references) | |
Manx | brishey (bankrupt, break, breakage, burst, cash, cashier, change money, contravention, crash, decode, depose, disbar, dismiss, dismissal, failure, fracture, go back, infringement, interrupt, interruption, pick, raise, repulse, ruin, small change, stump, violation, wane), bancvrishey. (various references) | |
Papiamen | fayit (bankrupt, failure). (various references) | |
Pig Latin | ankruptcybay.(various references) | |
Portuguese | bancarrota (breaking, ruin, smash), insolvência (insolvency), falência (blow up, bust, collapse, crash, failure, ruin, smash), concordata (concordat). (various references) | |
Romanian | bancrutã, ruinã (break up, burst up, decay, perdition, ruin, ruination, shipwreck, wreck), faliment (failure, insolvency). (various references) | |
Russian | банкротство (business failures, crash, failure, insolvency, smash). (various references) | |
Serbo-Croatian | bankrotstvo (smash), bankrot, stečaj. (various references) | |
Spanish | quiebra (bust, chink, crash, failure, insolvency, smash), bancarrota quiebra (failure). (various references) | |
Swedish | konkurs (failure, smash), bankrutt (bankrupt, failure, kaput, ruined). (various references) | |
Turkish | batış (ruin, set, setting, sinking, submerging), başarısızlık (abortion, balk, baulk, bomb, bust, collapse, cropper, defeat, dud, failure, fizzle, flivver, frost, ineffectiveness, ineffectualness, inefficacy, miscarriage, reverse, setback, throwback, unsuccess, washout), yenilgi (beating, checkmate, defeat, discomfiture, drubbing, licking, reverse, thrashing, trimming), mahvolma (being destroyed, being ruined, perdition, shipwreck, wreck), iflas (bust, crash, failure, in carey street, insolvency, ruin, smash, smash up). (various references) | |
Ukranian | крах (burst up, collapse, come down, crash, defeat, destruction, disruption, frustration, ruin, ruination, wreckage), неспроможність (disability, inadequacy, inequality), банкрутство (collapse, crash, smash). (various references) | |
Vietnamese | sự vỡ nợ. (various references) | |
Welsh | methdaliad. (various references) | |
| Source: compiled by the editor from various translation references. | ||
Misspellings | |
"Bankruptcy" is suggested in spellcheckers for the following: bankcruptcy, bankrupcy, bankruptsy, bankruptucy, bankrupty. (additional references) | |
| Source: compiled by the editor, based on several corpora (additional references). | |
| # of Phoneme Matches | Pronunciation | Word(s) rhyming with "bankruptcy" (pronounced ba"ngkrupsē) |
| 3 | -p s ē | autopsy, biopsy, dropsy, epilepsy, gypsy, narcolepsy, tipsy. |
Source: compiled by the editor (additional references); see credits. | ||
Scrabble® Enable2K-Verified Anagrams | |
| Words within the letters "a-b-c-k-n-p-r-t-u-y" | |
-2 letters: bankrupt. | |
-3 letters: cutbank, runback, truancy. | |
-4 letters: abrupt, backup, buckra, cranky, pantry, turban, unpack, untack. | |
-5 letters: aunty, banty, barky, barny, bract, braky, brank, brant, brunt, bunya, buran, burnt, canty, caput, carny, crank, crypt, kaput, kaury, knaur, kraut, kurta, narky, panty, party, prank, pruta, pucka, punka, punky, punty, pyran, runty, tabun, tacky, track, trank, truck, trunk, unapt, unary, unbar, uncap, urban, yurta. | |
| Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro. | |
Hexadecimal (or equivalents, 770AD-1900s) (references)42 61 6E 6B 72 75 70 74 63 79 |
| Leonardo da Vinci (1452-1519; backwards) (references)
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| American Sign Language (origins from 1620-1817 in Italy and, especially, France) (references)
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| Semaphore (1791, in France) (references)
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| Braille (1829, in France) (references)
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Morse Code (1836) (references)-... .- -. -.- .-. ..- .--. - -.-. -.--. |
| Dancing Men (Sir Arthur Conan Doyle, 1903) (references)
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Binary Code (1918-1938, probably earlier) (references)01000010 01100001 01101110 01101011 01110010 01110101 01110000 01110100 01100011 01111001 |
HTML Code (1990) (references)B a n k r u p t c y |
ISO 10646 (1991-1993) (references)0042 0061 006E 006B 0072 0075 0070 0074 0063 0079 |
| British Sign Language (Fingerspelling, BSL; 1992, British Deaf Association Dictionary of British Sign Language) (references)
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Encryption (beginner's substitution cypher): (references)36678077848782866991 |
| 1. Definition 2. Synonyms 3. Crosswords 4. Usage: Modern | 5. Usage: Commercial 6. Quotations: Historic 7. Quotations: Fiction 8. Quotations: Non-fiction | 9. Quotations: Speeches 10. Usage Frequency 11. Expressions 12. Expressions: Internet | 13. Translations: Modern 14. Derivations 15. Rhymes 16. Anagrams | 17. Orthography 18. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
