bankruptcy
/ˈbæŋkrəptsi/
दिवालियापन
noun
1. bankruptcy
a state of complete lack of some abstract property
"spiritual bankruptcy"
"moral bankruptcy"
"intellectual bankruptcy"
2. failure
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"
3. bankruptcy
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
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