declare bankruptcy
idiom
: to formally say in a legal document that one is bankrupt
Because of high medical expenses, he declared bankruptcy.
The company was forced to declare bankruptcy.
Examples of declare bankruptcy in a Sentence
Recent Examples on the Web
In a statement, Steward’s CEO, de la Torre, said the company decided to declare bankruptcy because of rising costs and the delay in finalizing the sale of its nationwide physician network to Optum, a subsidiary of United HealthGroup.
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Michelle Marchante, Miami Herald, 4 Mar. 2025
End this process, declare bankruptcy and get on with Chicago’s bright future.
—Chicago Tribune, 23 Feb. 2025
The litigation spurred additional private lawsuits, ultimately leading Think Finance to declare bankruptcy and resulting in multimillion-dollar settlements with borrowers.
—Joel Jacobs, ProPublica, 15 Jan. 2025
Competition from online sellers, high inflation and the lingering effects of the COVID-19 pandemic have caused retail players across America to shrink, declare bankruptcy or even close for good in recent years.
—Maria Sole Campinoti, CNN, 27 Jan. 2025
See All Example Sentences for declare bankruptcy
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Michelle Marchante, Miami Herald, 4 Mar. 2025
End this process, declare bankruptcy and get on with Chicago’s bright future.
—Chicago Tribune, 23 Feb. 2025
The litigation spurred additional private lawsuits, ultimately leading Think Finance to declare bankruptcy and resulting in multimillion-dollar settlements with borrowers.
—Joel Jacobs, ProPublica, 15 Jan. 2025
Competition from online sellers, high inflation and the lingering effects of the COVID-19 pandemic have caused retail players across America to shrink, declare bankruptcy or even close for good in recent years.
—Maria Sole Campinoti, CNN, 27 Jan. 2025
See All Example Sentences for declare bankruptcy
Cite this Entry
“Declare bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/declare%20bankruptcy. Accessed 13 Mar. 2025.
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