declare bankruptcy

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.

Word by Word Definitions

declare play
  1. : to make known formally, officially, or explicitly

  2. : to make known as a determination

  3. : to make clear

bankruptcy play
  1. : the quality or state of being bankrupt

  2. : utter failure or impoverishment


Seen and Heard

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

Love words? Need even more definitions?

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

WORD OF THE DAY

readily predictable

Get Word of the Day daily email!

Love words? Need even more definitions?

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