Definition of Bankruptcy

Bankruptcy

The state of being actually or legally bankrupt.

The act or process of becoming a bankrupt.

Complete loss; -- followed by of.

Related Definitions:

Act, Actually, Bankrupt, Becoming, Being, By, Complete, Followed, Legally, Loss, Of, Or, Process, State, The

Bankruptcy Quotations

It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.
Ralph Waldo Emerson

The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.
Ron Paul

The obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.
Ron Paul

His lack of education is more than compensated for by his keenly developed moral bankruptcy.
Woody Allen

Disappointment is a sort of bankruptcy - the bankruptcy of a soul that expends too much in hope and expectation.
Eric Hoffer

Know what happens when an individual declares bankruptcy and how it affects his or her life.
Marilyn vos Savant

So that this thing that aired in 1963 would result a few years later in personal bankruptcy, would result in having people be on edge with me, wondering when I'm going to blow up.
Shelley Berman

As I think through the issue of funding the rebuilding of Iraq, I think about the analogy of a bankruptcy proceeding. There is no doubt that Iraq as a country is bankrupt.
Arlen Specter

Capitalism without bankruptcy is like Christianity without hell.
Frank Borman

Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it's almost considered wise, a way to regroup and come back again.
David Dinkins

Bankruptcy is a serious decision that people have to make.
Herb Kohl

A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we do not waste the sacrifices and do not turn the crisis into an uncontrolled and disastrous bankruptcy.
Lucas Papademos

Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors.
Bill Frist

When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees.
Anne M. Mulcahy

When there were fears about the future of this nation's older cities... when a few of the cities teetered on the brink of bankruptcy, all eyes were focused on Chicago for contrast.
Jane Byrne

However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.
Gerard Arpey

In this most powerful nation in the world, lack of access to health care should not force local and state governments, companies and workers into bankruptcy, while causing unnecessary illness and hospitalization.
John Conyers

High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.
Ruben Hinojosa

The unions and the auto companies have been unable to put a deal together that fundamentally restructures the industry. It needs to get done. The only way it's really going to get done is in bankruptcy court. They should have done it six months ago they should do it now.
Tim Pawlenty

But again, you know, the views that we've expressed are transferring power back from the federal government to the states, giving Alaska an incredible opportunity to expand its economy, especially at a time when our federal government is coming close to bankruptcy.So that is a broad-based appeal. It's not an extreme view.
Joe Miller

In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent.
Tim Holden

Our schools should get five years to get back to where they were in 1963. If they're still bad maybe we should declare educational bankruptcy, give the people their money and let them educate themselves and start their own schools.
William Bennett

It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
Daniel Akaka

The necessity of every one paying in his own labor for what he consumes, affords the only legitimate and effectual check to excessive luxury, which has so often ruined individuals, states and empires; and which has now brought almost universal bankruptcy upon us.
Josiah Warren

If we don't change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy.
Jim Cooper

This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy.
Chaka Fattah

Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.
Barbara Mikulski

The entire exhibitions industry in the United States of America has filed for bankruptcy.
Jeffrey Katzenberg

What is the harm of doing the right thing? What is the harm of doing our job as legislators and making sure we do not stick the entire bankruptcy community with these provisions that do not make any sense?
Russ Feingold

Ward Churchill might be more valuable to the opponents of the academic left employed than unemployed. Above all, he can serve as a living window into the intellectual, moral, and political bankruptcy of the left.
Mort Kondracke

More Bankruptcy Quotations

Bankruptcy Translations

bankruptcy in French is faillite, banqueroute
bankruptcy in German is Konkurs
bankruptcy in Italian is fallimentare, fallimento
bankruptcy in Spanish is falencia
bankruptcy in Swedish is konkurs

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