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Wat (wie) is BANKRUPTING - definitie

LEGAL PROCESS THROUGH WHICH PEOPLE OR OTHER ENTITIES WHO CANNOT REPAY DEBTS TO CREDITORS MAY SEEK RELIEF FROM SOME OR ALL OF THEIR DEBTS

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Bankrupting

·p.pr. & ·vb.n. of Bankrupt.

bankrupt

(bankrupts, bankrupting, bankrupted)

1.

People or organizations that go bankrupt do not have enough money to pay their debts. (BUSINESS)

If the firm cannot sell its products, it will go bankrupt...

He was declared bankrupt after failing to pay a ?114m loan guarantee.

= insolvent

ADJ

2.

To bankrupt a person or organization means to make them go bankrupt. (BUSINESS)

The move to the market nearly bankrupted the firm and its director...

VERB: V n

3.

A bankrupt is a person who has been declared bankrupt by a court of law. (BUSINESS)

N-COUNT

4.

If you say that something is bankrupt, you are emphasizing that it lacks any value or worth.

He really thinks that European civilisation is morally bankrupt.

ADJ [emphasis]

bankrupt

¦ adjective

1. declared in law unable to pay one's debts.

2. completely lacking in a particular good quality or value: the cause is morally bankrupt.

¦ noun a person judged by a court to be bankrupt.

¦ verb reduce to a bankrupt state.

Derivatives

bankruptcy noun (plural bankruptcies).

Origin

C16: from Ital. banca rotta 'broken bench'.

Wikipedia

Bankruptcy

Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.

Bankrupt is not the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency.

https://en.wikipedia.org/wiki/Bankruptcy

Voorbeelden uit tekstcorpus voor BANKRUPTING

1. President Vladimir Putin has spoken out against bankrupting Yukos.

2. Religious council bans lavish wedding parties in Balkh to prevent locals bankrupting themselves.

3. Skyrocketing health care costs are bankrupting families and small businesses alike.

4. During his 25–minute address, Obama touched on themes key to his campaign, including health care and education. We know we‘ve got a health care system that is broken, that is bankrupting families and bankrupting states and bankrupting the nation,‘‘ he said as he called for universal health care. By the end of my first term, we‘re going to make sure that everybody‘s got decent health care in this country.

5. Annual checkups and sore throats aren‘t what‘s bankrupting us: It‘s the gargantuan cost of treating people who are seriously ill.