Meaning of the word "file for bankruptcy" in English
What does "file for bankruptcy" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
file for bankruptcy
US /faɪl fɔr ˈbæŋkrəpt.si/
UK /faɪl fɔː ˈbæŋkrəpt.si/
Idiom
to formally declare that you are unable to pay your debts
Example:
•
After years of financial struggle, the company decided to file for bankruptcy.
•
Many small businesses were forced to file for bankruptcy during the economic downturn.
Related Word: