Discover full dictionary
Change Library:
Bankrupcy শব্দের বাংলা অর্থ: কাজই
Bankrupcy Meaning In Bengali কাজই
Bankrupcy
Definition
1) Bankruptcy is a legal process in which individuals or businesses declare that they are unable to repay their debts. This can result in the liquidation of assets to pay off creditors or the reorganization of debts under a court-approved plan.
2) Bankruptcy can also refer to a state of financial insolvency where someone's liabilities exceed their assets, leading to severe financial hardship or the inability to meet financial obligations.
3) In a broader sense, bankruptcy can describe a state of complete failure or collapse, such as the bankruptcy of a business, a project, or a plan.
Examples
Bankrupcy Example in a sentence
1) The company filed for bankruptcy after years of financial struggle.
2) The restaurant had to close its doors due to bankruptcy.
3) Personal bankruptcy can have long-lasting effects on your credit score.
4) The economic recession led to a surge in bankruptcy filings.
5) Despite their best efforts, they couldn't avoid declaring bankruptcy.
6) The family faced bankruptcy when the main breadwinner lost their job.
7) The bankruptcy proceedings took months to finalize.
8) Bankruptcy can be a difficult and stressful process to go through.
9) Many small businesses are at risk of bankruptcy during uncertain times.
10) The company's assets were liquidated as part of the bankruptcy settlement.
Part of Speech
Bankrupcy (Noun)
Synonyms
Encyclopedia
Bankruptcy is a legal process in which individuals or businesses declare that they are unable to repay their debts. This can result in the liquidation of assets to pay off creditors or the reorganization of debts under a court-approved plan.
Bankruptcy can also refer to a state of financial insolvency where someone's liabilities exceed their assets, leading to severe financial hardship or the inability to meet financial obligations.
In a broader sense, bankruptcy can describe a state of complete failure or collapse, such as the bankruptcy of a business, a project, or a plan.
# Over 2,50,000+ words