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.

Learn More About declare bankruptcy

Statistics for declare bankruptcy

Cite this Entry

“Declare bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/declare%20bankruptcy. Accessed 22 Jun. 2021.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

WORD OF THE DAY

Test Your Vocabulary

Return of Name that Color!

  • a light greenish blue color
  • Name that color:
True or False

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

TAKE THE QUIZ
 AlphaBear 2

Spell words. Make bears.

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!