in bankruptcy

idiom

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

Examples of in bankruptcy in a Sentence

Recent Examples on the Web The company that manages the Fort Worth facility as well homes in Seguin, Carrollton, and Dallas owes millions of dollars in unpaid bills to its landlord and vendors, as well as to a financial firm that has been loaning it money since 2019, according to filings in bankruptcy court. Ciara McCarthy, Fort Worth Star-Telegram, 29 Mar. 2024 The parent company of Bally Sports — the home of the Angels and 11 other MLB teams — has been in bankruptcy proceedings for more than a year. Bill Shaikin, Los Angeles Times, 19 Mar. 2024 The city ranks high for residents with accounts in distress and for year-to-year rise in bankruptcy filings. USA TODAY, 2 Mar. 2024 Most recently, Neumann provided a formal proposal to give WeWork $200 million in bankruptcy financing, but was still unable to access information needed to put together a bid for the company, according to the letter. Bloomberg, Orange County Register, 6 Feb. 2024 In 2017, Congress passed a law raising the fees charged in bankruptcy cases overseen by the Justice Department’s U.S. Trustee Program, which covers 48 states. Akiko Matsuda, WSJ, 10 Jan. 2024 Navient agreed to settle class-action lawsuits from borrowers after the company illegally collected money from students on debts that were discharged in bankruptcy. Rachel Schilke, Washington Examiner, 20 Nov. 2023 Giuliani has vowed to appeal and is fighting the judgment in bankruptcy court. Bart Jansen, USA TODAY, 3 Feb. 2024 As lawsuits against Purdue and the Sacklers rapidly accrued, in 2019 Purdue sought restructuring in bankruptcy court, a move that automatically suspended all lawsuits against the company. Jan Hoffman, New York Times, 3 Dec. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'in bankruptcy.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“In bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/in%20bankruptcy. Accessed 12 Apr. 2024.

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