in bankruptcy

idiom

: officially recognized as bankrupt
The company is now in bankruptcy.

Examples of in bankruptcy in a Sentence

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What is the 180-day rule in bankruptcy? Angelica Leicht, CBS News, 8 Jan. 2026 The retailer can try to favor customers in bankruptcy court, but ultimately the courts have the power to decide if a company has to honor gift cards after filing for Chapter 11 bankruptcy, a proceeding in which a firm tries to restructure its debt to stay in business. Bloomberg, Oc Register, 7 Jan. 2026 Hooters, Pinstripes and On the Border were some of the notable names that landed in bankruptcy court this year. Amelia Lucas, CNBC, 30 Dec. 2025 This comes as the state legislature approved a new emergency process for hospitals involved in bankruptcy proceedings. Lauren Giella, MSNBC Newsweek, 21 Nov. 2025 See All Example Sentences for in bankruptcy

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“In bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/in%20bankruptcy. Accessed 14 Jan. 2026.

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