declare bankruptcy
idiom
: to formally say in a legal document that one is bankrupt
Because of high medical expenses, he declared bankruptcy.
The company was forced to declare bankruptcy.
Examples of declare bankruptcy in a Sentence
Recent Examples on the Web
The decision by Bishop Michael C. Barber and other church leaders to declare bankruptcy was seen by advocates as an escape route from having to pay out various impending settlements in full.
—
Jakob Rodgers, The Mercury News, 24 Feb. 2024
Detroit Free Press The former operator of Boyce Hydro and the Edenville Dam, which failed when record rains hit mid-Michigan in 2020, has lost his attempt to declare bankruptcy and avoid paying a $120 million judgment for his role in the catastrophic flooding.
—Jennifer Dixon, Detroit Free Press, 14 Mar. 2024
Coppola lost his studio and was left with debts that eventually forced him—and Eleanor—to declare bankruptcy.
—Richard Brody, The New Yorker, 18 Jan. 2024
Helmers are scrambling to reclaim distribution rights to their work out of fear that 1091 Pictures’ parent company could declare bankruptcy.
—Addie Morfoot, Variety, 20 Dec. 2023
Cirque’s reliance on live audiences made the company particularly vulnerable to the COVID-19 pandemic and forced it to declare bankruptcy in June 2020.
—Jessica Gelt, Los Angeles Times, 29 Nov. 2023
Under current law, when well owners declare bankruptcy, the financial obligation for well plugging may shift to previous owners, but this provision applies only to wells transferred after Jan. 1, 1996.
—Tony Briscoe, Los Angeles Times, 3 Oct. 2023
After suing crypto celebrities Justin Sun and Do Kwon, SEC Chair Gary Gensler turned his attention to Bittrex in April, which prompted the exchange to cease operations in the U.S. on April 30, and then, a bit more than two weeks later, declare bankruptcy for its U.S. subsidiary.
—Ben Weiss, Fortune Crypto, 11 Aug. 2023
Nearly 90% of families declare bankruptcy for one of three reasons that are often beyond their control: a job loss, a medical problem, or a family breakup.
—Richard Vague, Fortune, 22 June 2023
Jakob Rodgers, The Mercury News, 24 Feb. 2024
Detroit Free Press The former operator of Boyce Hydro and the Edenville Dam, which failed when record rains hit mid-Michigan in 2020, has lost his attempt to declare bankruptcy and avoid paying a $120 million judgment for his role in the catastrophic flooding.
—Jennifer Dixon, Detroit Free Press, 14 Mar. 2024
Coppola lost his studio and was left with debts that eventually forced him—and Eleanor—to declare bankruptcy.
—Richard Brody, The New Yorker, 18 Jan. 2024
Helmers are scrambling to reclaim distribution rights to their work out of fear that 1091 Pictures’ parent company could declare bankruptcy.
—Addie Morfoot, Variety, 20 Dec. 2023
Cirque’s reliance on live audiences made the company particularly vulnerable to the COVID-19 pandemic and forced it to declare bankruptcy in June 2020.
—Jessica Gelt, Los Angeles Times, 29 Nov. 2023
Under current law, when well owners declare bankruptcy, the financial obligation for well plugging may shift to previous owners, but this provision applies only to wells transferred after Jan. 1, 1996.
—Tony Briscoe, Los Angeles Times, 3 Oct. 2023
After suing crypto celebrities Justin Sun and Do Kwon, SEC Chair Gary Gensler turned his attention to Bittrex in April, which prompted the exchange to cease operations in the U.S. on April 30, and then, a bit more than two weeks later, declare bankruptcy for its U.S. subsidiary.
—Ben Weiss, Fortune Crypto, 11 Aug. 2023
Nearly 90% of families declare bankruptcy for one of three reasons that are often beyond their control: a job loss, a medical problem, or a family breakup.
—Richard Vague, Fortune, 22 June 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'declare 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
“Declare bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/declare%20bankruptcy. Accessed 25 Apr. 2024.
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