in bankruptcy

phrase

: officially recognized as bankrupt

The company is now in bankruptcy.

Examples of in bankruptcy in a Sentence

Recent Examples on the Web

Referring to the Kennedy Center’s earlier comments, Werkheiser said filing for receivership does not require for the organization to be in bankruptcy and is often done to prevent bankruptcy proceedings. — Maximilíano Durón, ARTnews.com, 17 Sep. 2026

Ownership is not in bankruptcy, is contesting the foreclosure in court, has offered the lender any and every constructive solution, but will not allow these tenants to be further used as pawns. — Lisa Rozner, CBS News, 17 Sep. 2026

When Newsom first took office in 2019, PG&E was in bankruptcy as a result of the company’s massive liabilities from the death and destruction those fires wrought. — Andrew Graham, Sacbee.com, 11 Sep. 2026

If the motion is not granted, Dylan would have to pursue her claims against Scott in bankruptcy court. — Chuck Schilken, Los Angeles Times, 9 Sep. 2026