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
American craft distilleries are facing some tough times, with the looming threat of tariffs, declines in sales, and established operations having to declare bankruptcy.
—
Jonah Flicker, Robb Report, 1 May 2025
Everyone told me to sell my collection, declare bankruptcy and move on.
—Sudhir Gupta, Forbes.com, 28 May 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
Other cities faced similar difficulties but were located in states that did not allow municipalities to declare bankruptcy.
—John Rennie Short, The Conversation, 20 Feb. 2025
See All Example Sentences for declare bankruptcy
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Jonah Flicker, Robb Report, 1 May 2025
Everyone told me to sell my collection, declare bankruptcy and move on.
—Sudhir Gupta, Forbes.com, 28 May 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
Other cities faced similar difficulties but were located in states that did not allow municipalities to declare bankruptcy.
—John Rennie Short, The Conversation, 20 Feb. 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 30 Jun. 2025.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share