declare bankruptcy

idiom

Definition of declare bankruptcy

: 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.

Comments on declare bankruptcy

What made you want to look up declare bankruptcy? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

appealing forcibly to the mind or reason

Get Word of the Day daily email!

Test Your Vocabulary

Farm Idioms Quiz

  • cow coming home
  • What does 'poke' refer to in the expression 'pig in a poke'?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!