bankruptcies
Declared inability to pay
Bankruptcies is the plural of bankruptcy—the legal state of being unable to pay one's debts.
A person or business declares bankruptcy to seek protection from creditors and negotiate repayment or discharge of obligations.
The word also describes instances of utter failure or depletion: moral bankruptcies, a bankruptcy of ideas.
The company's bankruptcies left thousands unemployed.
Storing documents systematically
- dischargeRelease of substance outward
- petitionFormal written appeal
- trusteeOne managing another's assets
- creditorsThose owed payment
debtor · court · adjudication · means test · exemptions · garnishment · lien · claims
Unable to pay debts
- liquidationSelling assets for cash
- receivershipCourt-ordered asset management
- defaultPreset standard option
- foreclosureLender seizes mortgaged property
unpaid · deficit · overextended · distressed · underwater · upside-down · balance sheet · liabilities
Those owed payment
- arrearsOverdue financial obligations
- delinquencyCriminal or neglectful behavior
- collectionsGathered groups of items
- borrowingTemporary taking of another's
repayment · loan · mortgage · unsecured · secured · priority · dischargeable · consolidation
Termination without cause
- closureSense of emotional resolution
- unemploymentBeing without paid work
- auctionCompetitive public sale
- repossessionCreditor seizing collateral
eviction · liquidation sale · asset seizure · credit damage · stigma · loss · ruin · downfall
Failed energy corporation
- Lehman BrothersDefunct investment bank
- General MotorsMajor American car manufacturer
- ChryslerAmerican automobile manufacturer
- Toys R UsChildren's plaything retailer
airline · retail · conglomerate · subsidiary · holding company · reorganization · creditor · bondholder
Changing how something's arranged
- turnaroundShift in opposite direction
- recoveryRegaining what was lost
- rescueSave from harm
- rehabilitationRecovery from injury/addiction
workout · restructuring plan · emergence · confirmation · plan · equity · stakeholders · negotiation
filing
Storing documents systematically
- dischargeRelease of substance outward
- petitionFormal written appeal
- trusteeOne managing another's assets
creditors · debtor · court · adjudication · means test · exemptions · garnishment · lien · claims · proceedings
insolvent
Unable to pay debts
- liquidationSelling assets for cash
- receivershipCourt-ordered asset management
- defaultPreset standard option
foreclosure · unpaid · deficit · overextended · distressed · underwater · upside-down · balance sheet · liabilities · assets
creditors
Those owed payment
- arrearsOverdue financial obligations
- delinquencyCriminal or neglectful behavior
- collectionsGathered groups of items
borrowing · repayment · loan · mortgage · unsecured · secured · priority · dischargeable · consolidation · settlement
layoff
Termination without cause
- closureSense of emotional resolution
- unemploymentBeing without paid work
- auctionCompetitive public sale
repossession · eviction · liquidation sale · asset seizure · credit damage · stigma · loss · ruin · downfall · shuttering
Enron
Failed energy corporation
- Lehman BrothersDefunct investment bank
- General MotorsMajor American car manufacturer
- ChryslerAmerican automobile manufacturer
Toys R Us · airline · retail · conglomerate · subsidiary · holding company · reorganization · creditor · bondholder · shareholder
reorganization
Changing how something's arranged
- turnaroundShift in opposite direction
- recoveryRegaining what was lost
- rescueSave from harm
rehabilitation · workout · restructuring plan · emergence · confirmation · plan · equity · stakeholders · negotiation · viability
- economyGDP, money, inflation, inflation rate, GNP
- early bankingmoney changers, moneylenders, moneylending, money lending, loans
bankruptciesfortunes
Wealth or destined outcomes
windfalls · bonanzas · jackpots · riches · prosperities
bankruptciesbailouts
Emergency financial interventions
successes · turnarounds · recoveries · rescues · triumphs
bankruptciessolvencies
Ability to cover obligations
liquidity · creditworthiness · financial health · financial stability · surpluses
- moral bankruptciesComplete absence of principles
bank, bankrupt, bankruptcy, bankrupted, bankrupts, bankrupting