file for bankruptcy

idiom

: to officially ask to be legally recognized as bankrupt
The company filed for bankruptcy in July.

Examples of file for bankruptcy in a Sentence

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Since 2021, the proportion of people with retail credit card debt that file for bankruptcy has been rising at a faster rate than new filings overall, according to proprietary data and analytics from Stretto, a bankruptcy services firm. Gabrielle Fonrouge,hugh Son, CNBC, 19 June 2025 Or, to alleviate the financial pain, the debtor will file for bankruptcy and the special powers of the bankruptcy court will end up cleaning the debtor out. Jay Adkisson, Forbes.com, 27 Apr. 2025 The company's shares have slumped 60% since the Wall Street Journal first reported in April that the company was preparing to file for bankruptcy in the coming months. Siddhi Mahatole, USA Today, 8 May 2025 When money doesn’t materialize, some PE firms file for bankruptcy, where the CEO role must transform - or sometimes disappear, when a company shuts their doors. Chris Westfall, Forbes, 5 Mar. 2025 See All Example Sentences for file for bankruptcy

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“File for bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/file%20for%20bankruptcy. Accessed 3 Jul. 2025.

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