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

Despite the reduced award, Jones and Free Speech Systems, Infowars’ parent company, remain in bankruptcy as courts nationwide weigh how much Sandy Hook families can ultimately collect for years of attacks. — Jim Vertuno, Los Angeles Times, 21 Aug. 2026

If these two steps are not enough for you, the next step is to consult an attorney who specializes in bankruptcy law. — Jay L. Zagorsky, The Conversation, 19 Aug. 2026

Paying it would inevitably put Meta Platforms in bankruptcy and perhaps put the company under state ownership. — ABC News, 17 Aug. 2026

The team was in bankruptcy court in part because of legal issues with its prior owner, Frank McCourt, who was locked in contentious divorce proceedings. — Michael McCann, Sportico.com, 12 Aug. 2026