declare bankruptcy
idiom
: to formally say in a legal document that one is bankrupt
Because of high medical expenses, he declared bankruptcy.
The company was forced to declare bankruptcy.
Examples of declare bankruptcy in a Sentence
Recent Examples on the Web
The litigation spurred additional private lawsuits, ultimately leading Think Finance to declare bankruptcy and resulting in multimillion-dollar settlements with borrowers.
—
Joel Jacobs, ProPublica, 15 Jan. 2025
Competition from online sellers, high inflation and the lingering effects of the COVID-19 pandemic have caused retail players across America to shrink, declare bankruptcy or even close for good in recent years.
—Maria Sole Campinoti, CNN, 27 Jan. 2025
Its choices, laid out by Vince and the team at Dentons, were to declare bankruptcy or to securitize the $908.2 million debt by issuing bonds and paying them off over 28 years, thus saving the utility and easing the blow on customer bills.
—Llewellyn King, Forbes, 2 Nov. 2024
When production grinds to a halt, these operators declare bankruptcy or otherwise go out of business.
—Andrew Leahey, Forbes, 7 Jan. 2025
See All Example Sentences for declare bankruptcy
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Joel Jacobs, ProPublica, 15 Jan. 2025
Competition from online sellers, high inflation and the lingering effects of the COVID-19 pandemic have caused retail players across America to shrink, declare bankruptcy or even close for good in recent years.
—Maria Sole Campinoti, CNN, 27 Jan. 2025
Its choices, laid out by Vince and the team at Dentons, were to declare bankruptcy or to securitize the $908.2 million debt by issuing bonds and paying them off over 28 years, thus saving the utility and easing the blow on customer bills.
—Llewellyn King, Forbes, 2 Nov. 2024
When production grinds to a halt, these operators declare bankruptcy or otherwise go out of business.
—Andrew Leahey, Forbes, 7 Jan. 2025
See All Example Sentences for declare bankruptcy
Cite this Entry
“Declare bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/declare%20bankruptcy. Accessed 4 Mar. 2025.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share