bankruptcy
Bankruptcy is a legal state where a person or a business cannot pay the money they owe to others. It usually involves a court process that helps people or companies either clear their debts or create a plan to pay them back.
Beispiele
3 von 5After he lost his job, the man was very worried about bankruptcy.
After he lost his job, the man was very worried about being unable to pay his debts.
The large corporation filed for bankruptcy after a year of losing money.
The big company started the legal process for being unable to pay debts after a year of losing money.
If you keep spending all your money on games, you will face bankruptcy!
If you keep spending all your money on games, you will have no money left!
Synonyme
Gegenteile
Wortfamilie
Merkhilfe
Think of 'bank' + 'rupture.' It is like a piggy bank that has a rupture (break) and all the money is gone.
Schnelles Quiz
The small shop had to file for ___ because it had no money left to pay the rent.
Richtig!
Die richtige Antwort ist: bankruptcy
Beispiele
After he lost his job, the man was very worried about bankruptcy.
everydayAfter he lost his job, the man was very worried about being unable to pay his debts.
The large corporation filed for bankruptcy after a year of losing money.
formalThe big company started the legal process for being unable to pay debts after a year of losing money.
If you keep spending all your money on games, you will face bankruptcy!
informalIf you keep spending all your money on games, you will have no money left!
Economic research shows that personal bankruptcy rates often rise during a recession.
academicEconomic studies show that the number of people unable to pay debts often goes up when the economy is bad.
The business owner met with a lawyer to discuss the risks of bankruptcy.
businessThe business owner met with a lawyer to talk about the dangers of not being able to pay debts.
Synonyme
Gegenteile
Wortfamilie
Häufige Kollokationen
Häufige Phrasen
moral bankruptcy
a complete lack of good values or ethics
go into bankruptcy
to start the legal process of being unable to pay debts
on the verge of bankruptcy
very close to failing or losing all money
Wird oft verwechselt mit
Debt is the money you owe; bankruptcy is the legal status when you cannot pay the debt back.
Nutzungshinweise
The word is most commonly used with the verbs 'file for' or 'declare.' It can describe both a financial situation and a moral one.
Häufige Fehler
Do not say 'make bankruptcy.' Use 'file for bankruptcy' or 'go bankrupt' instead.
Merkhilfe
Think of 'bank' + 'rupture.' It is like a piggy bank that has a rupture (break) and all the money is gone.
Wortherkunft
Derived from the Italian 'banca rotta,' which means 'broken bench,' referring to the practice of breaking a merchant's bench when they failed.
Grammatikmuster
Kultureller Kontext
In many countries, bankruptcy is seen as a legal way to have a 'fresh start' from debt, though it affects a person's credit score for many years.
Schnelles Quiz
The small shop had to file for ___ because it had no money left to pay the rent.
Richtig!
Die richtige Antwort ist: bankruptcy
Verwandtes Vokabular
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