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
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
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
The resulting Nuccio, which is named for founder Giovanni Bertone’s son, would also turn out to be the last Bertone, as the company would declare bankruptcy in 2015, just three years after the concept made its debut at the Geneva Motor Show.
—Bryan Hood, Robb Report, 27 June 2025
Some employers might have to shutter departments, close down locations, declare bankruptcy or simply go out of business.
—Erica E. Phillips, Hartford Courant, 13 May 2025
See All Example Sentences for declare bankruptcy
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Staff and Wire Reports, Boston Herald, 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
The resulting Nuccio, which is named for founder Giovanni Bertone’s son, would also turn out to be the last Bertone, as the company would declare bankruptcy in 2015, just three years after the concept made its debut at the Geneva Motor Show.
—Bryan Hood, Robb Report, 27 June 2025
Some employers might have to shutter departments, close down locations, declare bankruptcy or simply go out of business.
—Erica E. Phillips, Hartford Courant, 13 May 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 10 Sep. 2025.
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