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
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.
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Maria Sole Campinoti, CNN, 27 Jan. 2025
Its choices, laid out by Vince and the team at Dentons, were to declare bankruptcy or to securitize the $908.2 million debt by issuing bonds and paying them off over 28 years, thus saving the utility and easing the blow on customer bills.
—Llewellyn King, Forbes, 2 Nov. 2024
When production grinds to a halt, these operators declare bankruptcy or otherwise go out of business.
—Andrew Leahey, Forbes, 7 Jan. 2025
As part of the deal, the subsidiary would declare bankruptcy, although that proposal has been challenged in court by the Justice Department.
—Kate Gibson, CBS News, 27 Dec. 2024
See all Example Sentences for declare bankruptcy 
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Maria Sole Campinoti, CNN, 27 Jan. 2025
Its choices, laid out by Vince and the team at Dentons, were to declare bankruptcy or to securitize the $908.2 million debt by issuing bonds and paying them off over 28 years, thus saving the utility and easing the blow on customer bills.
—Llewellyn King, Forbes, 2 Nov. 2024
When production grinds to a halt, these operators declare bankruptcy or otherwise go out of business.
—Andrew Leahey, Forbes, 7 Jan. 2025
As part of the deal, the subsidiary would declare bankruptcy, although that proposal has been challenged in court by the Justice Department.
—Kate Gibson, CBS News, 27 Dec. 2024
See all Example Sentences for declare bankruptcy
Dictionary Entries Near declare bankruptcy
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“Declare bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/declare%20bankruptcy. Accessed 13 Feb. 2025.
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