Bankruptcy – Meaning, Definition, Synonyms and Antonyms
Bankruptcy is used as a “Noun” in the English grammar.
Meaning:
Bankruptcy is a legal process where an individual or organization declares an inability to repay debts.
Definition:
Bankruptcy helps in reorganizing or eliminating debts through legal procedures.
Example Sentences:
- Bankruptcy laws are designed to give individuals or businesses a fresh financial start.
- The sudden economic downturn pushed several small businesses into Bankruptcy.
- Her Bankruptcy filing allowed her to discharge most of her overwhelming debt.
Bankruptcy Synonyms:
- Insolvency
- Liquidation
- Failure
- Reorganization
- Default
Bankruptcy Antonyms:
- Affluence
- Riches
- Flourishing
- Prosperity
- Abundance
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