bankruptcy

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bank|rupt|cy /b'ænkrʌptsi/ (bankruptcies)
1 [N-UNCOUNT]
Bankruptcy is the state of being bankrupt. (BUSINESS)
Many established firms were facing bankruptcy.
= insolvency
2 [N-COUNT]
A bankruptcy is an instance of an organization or person going bankrupt. (BUSINESS)
The number of corporate bankruptcies climbed in August.
= insolvency
3 [N-UNCOUNT] usu supp N
If you refer to something's bankruptcy, you are emphasizing that it is completely lacking in value or worth.
The massacre laid bare the moral bankruptcy of the regime.

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