bankruptcy

nouns

a state of complete lack of some abstract property
"spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
bankruptcy
is a type of (narrower)
lack of success
"he felt that his entire life had been a failure"; "that year there was a crop failure"
failure
inability to discharge all your debts as they come due
"the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
bankruptcy, failure
is derived from
bankrupt
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
bankruptcy
domain category
the collection of rules imposed by authority
"civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
jurisprudence, law
is a type of (narrower)
(law) the institution of a sequence of steps by which legal judgments are invoked
legal proceeding, proceeding, proceedings