Bankruptcies Meaning

There are 3 meaning(s) for word Bankruptcies

Meaning 1 : inability to discharge all your debts as they come due

    Example : the company had to declare bankruptcy

    Synonyms : failure
Meaning 2 : a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

Meaning 3 : a state of complete lack of some abstract property

    Example : spiritual bankruptcy,moral bankruptcy,intellectual bankruptcy