in bankruptcy

idiom

: officially recognized as bankrupt
The company is now in bankruptcy.

Examples of in bankruptcy in a Sentence

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The Eagles lost the building in bankruptcy in 1988, when it was purchased by a business group led by John Stanelle. Piet Levy, Journal Sentinel, 11 Dec. 2024 The toxic brand synonymous with corporate fraud that collapsed in bankruptcy more than two decades ago is making a comeback of sorts. Daniel Wine, CNN, 2 Dec. 2024 If a debtor lands in bankruptcy, this anti-alienation protection has been interpreted to keep the debtor's ERISA assets out of the bankruptcy estate in most circumstances. Jay Adkisson, Forbes, 21 Nov. 2024 If the two airlines reach a deal, Spirit would also likely restructure its debt and other liabilities in bankruptcy, sources told the Journal. Bygreg McKenna, Fortune, 23 Oct. 2024 See all Example Sentences for in bankruptcy 

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“In bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/in%20bankruptcy. Accessed 27 Dec. 2024.

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