Want to say bankruptcy differently? Here are other words for bankruptcy and its similar synonyms and opposite words to say in unique way.
Meaning of bankruptcy
The state of being unable to pay debts.
Etymology of bankruptcy
The word "bankruptcy" comes from the Italian "banca rotta", meaning "broken bank", which was a term used in the 16th century to describe a bank that had failed.
The word has its roots in the Latin "banca", meaning "bench" or "table", which referred to the table or bench used by bankers and money changers.
Synonyms
insolvency
financial failure
collapse
default
liquidation
failure
ruin
downfall
debt
pennilessness
poverty
destitution
financial distress
economic failure
business failure
commercial failure
financial ruin
collapse of finances
financial insolvency
business insolvency
economic insolvency
debt crisis
financial crisis
economic crisis
Definitions
- The state of being bankrupt, i.e., unable to pay debts.
- * The procedure of being declared bankrupt by a court, and having assets taken over by a trustee for distribution among creditors.
Usage Examples
- The company was forced to declare bankruptcy after years of financial struggles.
- * The family's bankruptcy was a result of overspending and poor financial planning.
Antonyms
solvency
financial stability
prosperity
wealth
affluence
richness
opulence
luxury
financial security
economic stability
business success
commercial success
financial success
debt freedom
economic freedom
financial independence