file for bankruptcy

idiom

: to officially ask to be legally recognized as bankrupt
The company filed for bankruptcy in July.

Examples of file for bankruptcy in a Sentence

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When money doesn’t materialize, some PE firms file for bankruptcy, where the CEO role must transform - or sometimes disappear, when a company shuts their doors. Chris Westfall, Forbes, 5 Mar. 2025 But while serving as a vice president in a division of the company, the business was exposed for accounting fraud, which eventually led them to file for bankruptcy. Alex Gurley, People.com, 12 Feb. 2025 Stellantis — the European automaker that makes cars under the Jeep, Ram, Dodge and Chrysler brands in North America — saw its joint venture that made Jeeps in China file for bankruptcy in 2022 after years of losses. Chris Isidore, CNN, 17 Dec. 2024 By October 2020, the diocese said it was forced to file for bankruptcy. Joseph Wilkinson, New York Daily News, 4 Dec. 2024 See All Example Sentences for file for bankruptcy

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“File for bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/file%20for%20bankruptcy. Accessed 13 Mar. 2025.

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