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
Those zombie companies are now going out of business, as many family-run firms declare bankruptcy.
—
Allison Schrager, Mercury News, 16 Oct. 2025
The company returned to court last month to declare bankruptcy once again, citing the loss of nearly $257 million between March and June.
—Staff and Wire Reports, Boston Herald, 5 Sep. 2025
Here’s what to know: Why did Spirit Airlines declare bankruptcy?
—Sacbee.com, 5 Sep. 2025
According to a study by the National Bureau of Economic Research, 15.7% of NFL athletes declare bankruptcy within 12 years of retiring.
—Vitas Carosella, Forbes.com, 18 Aug. 2025
See All Example Sentences for declare bankruptcy
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Allison Schrager, Mercury News, 16 Oct. 2025
The company returned to court last month to declare bankruptcy once again, citing the loss of nearly $257 million between March and June.
—Staff and Wire Reports, Boston Herald, 5 Sep. 2025
Here’s what to know: Why did Spirit Airlines declare bankruptcy?
—Sacbee.com, 5 Sep. 2025
According to a study by the National Bureau of Economic Research, 15.7% of NFL athletes declare bankruptcy within 12 years of retiring.
—Vitas Carosella, Forbes.com, 18 Aug. 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 24 Oct. 2025.
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