Definitions of bankruptcy
the state of being unable to repay debts (=money owed)
Car giant General Motors (GM) has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history.
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Substantiv
full
noun
the state of being unable to repay debts (=money owed)
Car giant General Motors (GM) has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history.