in bankruptcy

idiom

: officially recognized as bankrupt
The company is now in bankruptcy.

Examples of in bankruptcy in a Sentence

Recent Examples on the Web The voluntary Chapter 11 petition filed in bankruptcy court Sunday in Florida states that there are more than 100,000 creditors, with assets and liabilities each totaling between $1 billion and $10 billion. Lori Weisberg, San Diego Union-Tribune, 20 May 2024 In fact, some manufacturers are either already in bankruptcy (Lordstown Motors, Arrival) or are losing money and flirting with bankruptcy in the near future (Lucid, Rivian, VinFast, Polestar and Fisker). Chris West, Baltimore Sun, 29 Apr. 2024 What is a stalking-horse purchase agreement in bankruptcy? Gabe Hauari, The Indianapolis Star, 20 May 2024 And patients are worried their care will be affected now that Steward is in bankruptcy, according to Garcia. Michelle Marchante, Miami Herald, 11 May 2024 In January, Creative Wealth was granted the majority of Bron’s remaining assets in bankruptcy proceedings, according to court documents. Winston Cho, The Hollywood Reporter, 3 Sep. 2019 Deep look:Biden promised to make student loan forgiveness in bankruptcy court easier. Zachary Schermele, USA TODAY, 8 Apr. 2024 Trump Hotels and Casino Resorts never turned a profit and ended up in bankruptcy in 2004, wiping out shareholders. Allison Morrow, CNN, 25 Mar. 2024 The company that manages the Fort Worth facility as well homes in Seguin, Carrollton, and Dallas owes millions of dollars in unpaid bills to its landlord and vendors, as well as to a financial firm that has been loaning it money since 2019, according to filings in bankruptcy court. Ciara McCarthy, Fort Worth Star-Telegram, 29 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'in bankruptcy.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“In bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/in%20bankruptcy. Accessed 6 Jun. 2024.

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