What does bankruptcy mean?
A legal status of a person or entity that cannot repay the debts they owe to creditors.
Example: "After accumulating millions in debt, the retail chain was forced to file for bankruptcy."
Does filing for bankruptcy erase all of a person's outstanding debts?
While bankruptcy discharges many unsecured debts, certain obligations like student loans, child support, and tax liens are usually not discharged.
What does bankruptcy mean in Urdu?
bankruptcy meaning in Urdu is دیوالیہ پن (diwaliyah pan) — Refers to the legal declaration of inability to pay off debts.
What does bankruptcy mean in Arabic?
bankruptcy meaning in Arabic is إفلاس — Used in corporate and personal legal codes in Arabic-speaking countries.
What does bankruptcy mean in Persian?
bankruptcy meaning in Persian is ورشکستگی — Refers to the state of being unable to pay outstanding debts in Persian law.
What does bankruptcy mean in Hindi?
bankruptcy meaning in Hindi is दिवालियापन — Used in Indian commercial and legal contexts to describe insolvency.
What does bankruptcy mean in Turkish?
bankruptcy meaning in Turkish is iflas — Used in Turkish commerce when a business or individual declares insolvency.
What does bankruptcy mean in Bangla?
bankruptcy meaning in Bangla is দেউলিয়াত্ব — Refers to the legal state of insolvency in Bangladesh.
What does bankruptcy mean in Nepali?
bankruptcy meaning in Nepali is टाट पल्टनु — Used in Nepali to describe a person or company going out of business due to debt.
What is a synonym for bankruptcy?
Common synonyms for bankruptcy include insolvency, ruin, financial failure and liquidation. Its opposite is solvency and wealth.
Browse more money and banking words in the Rehbaro Dictionary, or return to the full dictionary.
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