as in failures
the inability to pay one's debts
learned the hard way the costs of declaring bankruptcy
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Recent Examples of bankruptcies
Through November, about 45 retailers have filed for bankruptcy protection in 2024, compared with 25 retail bankruptcies for all of 2023, according to a recent CoreSight report.
—
Aimee Picchi, CBS News, 23 Dec. 2024
According to the European Commission, only 40% of businesses in the EU receive payments on time, with late payments contributing to one in four SME bankruptcies.
—Aleksandra Bal, Forbes, 22 Dec. 2024
That comes as 45 retailers have filed for bankruptcy protection so far this year, compared with 25 retail bankruptcies for all of 2023, the report found.
—Megan Cerullo, CBS News, 20 Dec. 2024
Two-thirds of bankruptcies are the result of medical bills.
—Thomas G. Moukawsher, Newsweek, 16 Dec. 2024
The community’s largest employer, which had been a union shop since its workers won a contentious labor battle in the late 1930s, went through multiple bankruptcies and layoffs in the 1980s and 1990s.
—Stephanie Ternullo / Made By History, TIME, 16 Dec. 2024
About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version and explaining how everything from Fed rate changes to bankruptcies impacts you.
—Daniel De Visé, USA TODAY, 10 Dec. 2024
Like with Chapter 7, Chapter 13 bankruptcies cause serious damage to your credit, remaining on your credit report for seven years from the filing date.
—Elizabeth Gravier, CNBC, 6 Dec. 2024
Second, personal bankruptcies go up.
—Mark R. Weaver, Newsweek, 3 Dec. 2024
Aimee Picchi, CBS News, 23 Dec. 2024
According to the European Commission, only 40% of businesses in the EU receive payments on time, with late payments contributing to one in four SME bankruptcies.
—Aleksandra Bal, Forbes, 22 Dec. 2024
That comes as 45 retailers have filed for bankruptcy protection so far this year, compared with 25 retail bankruptcies for all of 2023, the report found.
—Megan Cerullo, CBS News, 20 Dec. 2024
Two-thirds of bankruptcies are the result of medical bills.
—Thomas G. Moukawsher, Newsweek, 16 Dec. 2024
The community’s largest employer, which had been a union shop since its workers won a contentious labor battle in the late 1930s, went through multiple bankruptcies and layoffs in the 1980s and 1990s.
—Stephanie Ternullo / Made By History, TIME, 16 Dec. 2024
About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version and explaining how everything from Fed rate changes to bankruptcies impacts you.
—Daniel De Visé, USA TODAY, 10 Dec. 2024
Like with Chapter 7, Chapter 13 bankruptcies cause serious damage to your credit, remaining on your credit report for seven years from the filing date.
—Elizabeth Gravier, CNBC, 6 Dec. 2024
Second, personal bankruptcies go up.
—Mark R. Weaver, Newsweek, 3 Dec. 2024
Thesaurus Entries Near bankruptcies
Cite this Entry
“Bankruptcies.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/bankruptcies. Accessed 31 Jan. 2025.
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