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
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
Walgreens recently announced closures and a host of others to close stores or declare bankruptcy this year, including Hooters, Red Lobster, Bed Bath & Beyond and Big Lots.
—Betty Lin-Fisher, The Arizona Republic, 17 Oct. 2024
The company tried to declare bankruptcy in April, saying the 2020 defamation cases were threatening its solvency.
—Marshall Cohen, CNN, 10 Oct. 2024
See all Example Sentences for declare bankruptcy 
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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
Walgreens recently announced closures and a host of others to close stores or declare bankruptcy this year, including Hooters, Red Lobster, Bed Bath & Beyond and Big Lots.
—Betty Lin-Fisher, The Arizona Republic, 17 Oct. 2024
The company tried to declare bankruptcy in April, saying the 2020 defamation cases were threatening its solvency.
—Marshall Cohen, CNN, 10 Oct. 2024
See all Example Sentences for declare bankruptcy
Dictionary Entries Near declare bankruptcy
Cite this Entry
“Declare bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/declare%20bankruptcy. Accessed 23 Jan. 2025.
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