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
By the end of 1985, he’d be forced to declare bankruptcy.
—
Lili Anolik, Vanity Fair, 12 Jan. 2026
If the data center’s plans or technology changes, that subsidiary could declare bankruptcy, leaving the other customers with the remaining costs.
—Theodore J. Kury, The Conversation, 12 Dec. 2025
The family agreed to give Genesis a year to start the payments, only for the company to declare bankruptcy in July.
—Jordan Rau, CBS News, 9 Dec. 2025
Those zombie companies are now going out of business, as many family-run firms declare bankruptcy.
—Allison Schrager, Mercury News, 16 Oct. 2025
See All Example Sentences for declare bankruptcy
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Lili Anolik, Vanity Fair, 12 Jan. 2026
If the data center’s plans or technology changes, that subsidiary could declare bankruptcy, leaving the other customers with the remaining costs.
—Theodore J. Kury, The Conversation, 12 Dec. 2025
The family agreed to give Genesis a year to start the payments, only for the company to declare bankruptcy in July.
—Jordan Rau, CBS News, 9 Dec. 2025
Those zombie companies are now going out of business, as many family-run firms declare bankruptcy.
—Allison Schrager, Mercury News, 16 Oct. 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 14 Jan. 2026.
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