To save this word, you'll need to log in.
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).
Test Your Vocabulary
A More Exception(al) Quiz
- Which of the following words is not a synonym for ‘a young person’?
Can you spell these 10 commonly misspelled words?
TAKE THE QUIZ
Test Your Knowledge - and learn some interesting things along the way.
TAKE THE QUIZLove words? Need even more definitions?
Merriam-Webster unabridgedWords at Play
Ask the Editors
Share declare bankruptcy