n. a state of complete lack of some abstract property
n. inability to discharge all your debts as they come due
n. a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
n. 破产者
[经] 破产, 倒闭
1. The company's bankruptcy was announced last week.
公司的破产在上周宣布。
2. He filed for bankruptcy after losing his job.
他在失去工作后申请了破产。
3. Bankruptcy can provide a fresh start for struggling businesses.
破产可以为陷入困境的企业提供一个重新开始的机会。