bankruptcy

BrE /ˈbæŋk.krə.pi/ AmE /ˈbæŋk.krə.pi/

noun en → es

1 FINANCIAL STATE [singular] B2

the state of being unable to pay your debts and therefore having all your assets taken away by the courts

quiebra, bancarrota

  • declare bankruptcy

Collocations file for bankruptcy · bankruptcy proceedings

  • The company filed for bankruptcy.

    La empresa presentó un pedido de quiebra.

2 LEGAL PROCESS [singular] C1

the legal process of declaring that you are unable to pay your debts and asking the courts for help in dealing with them

proceso de quiebra, bancarrota legal

  • go into bankruptcy

Collocations bankruptcy laws · declare bankruptcy

  • He went into bankruptcy last year.

    Él entró en bancarrota el año pasado.