bankruptcy

• Юридическое и финансовое состояние, при котором физическое лицо или организация не в состоянии погасить свои непогашенные долги, часто включающее формальную юридическую процедуру для управления этими долгами или их списания.

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.

uncountable

1. Financial insolvencyB2formallegal

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

   Финансовая несостоятельность

   • 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.

   Synonymsdefaultfailureinsolvencyliquidationreceivershipruin

   Antonymssolvency

2. Complete lack of a qualityC1formal

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

   Банкротство

   • 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.

   Synonymsabsencedearthdeficiencyinsufficiencylackpaucityprivationscarcityshortagewant