bankruptcy

• Rechtlicher und finanzieller Zustand, in dem eine Person oder Organisation nicht mehr in der Lage ist, ihre offenen Schulden zu begleichen, oft verbunden mit einem förmlichen gerichtlichen Verfahren zur Regelung oder zum Erlass dieser Schulden.

A legal and financial state in which an individual or organization is unable to repay their outstanding debts, often involving a formal legal process to manage or discharge those debts.

unzählbar

1. Financial insolvencyB2formallegal

   A legal status of a person or organization that cannot repay the debts they owe to creditors.

   Finanzielle Insolvenz

   • The company filed for bankruptcy after years of financial losses.
   • Personal bankruptcy can have long-term effects on your credit score.
   • Many small businesses faced bankruptcy during the economic crisis.

   Synonymedefaultfailureinsolvencyliquidationreceivershipruin

   Antonymesolvency

2. Complete lack of a qualityC1formal

   A total absence or failure of a particular desirable quality or attribute.

   Bankrott

   • The plan was a bankruptcy of original ideas.
   • His argument showed a moral bankruptcy that shocked everyone.
   • The project suffered from a bankruptcy of creativity and innovation.

   Synonymeabsencedearthdeficiencyinsufficiencylackpaucityprivationscarcityshortagewant