bankruptcy
    n 1: a state of complete lack of some abstract property;
         "spiritual bankruptcy"; "moral bankruptcy"; "intellectual
         bankruptcy"
    2: inability to discharge all your debts as they come due; "the
       company had to declare bankruptcy"; "fraudulent loans led to
       the failure of many banks" [syn: bankruptcy, failure]
    3: a legal process intended to insure equality among the
       creditors of a corporation declared to be insolvent

Bankruptcy \Bank"rupt*cy\, n.; pl. Bankruptcies.
   1. The state of being actually or legally bankrupt.
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   2. The act or process of becoming a bankrupt.
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   3. Complete loss; -- followed by of.
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