in bankruptcy

idiom

: officially recognized as bankrupt
The company is now in bankruptcy.

Examples of in bankruptcy in a Sentence

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The bureau sued the student loan servicer in 2024, accusing it of illegally collecting on student debts that borrowers had discharged in bankruptcy and sending false information to credit reporting companies. Annie Nova, CNBC, 28 Apr. 2025 The company is scheduled to make its first appearance in bankruptcy court on Monday. Bloomberg, The Mercury News, 25 Mar. 2025 That this is a very complex area of bankruptcy law is indicated by the fact that there have been approximately 20 court opinions relating to the issue of a debtor's LLC or partnership interest in bankruptcy ― and those opinions are all over the board. Jay Adkisson, Forbes.com, 27 Apr. 2025 The Diocese of Buffalo remains in bankruptcy pending the full implementation of the settlement. Ross Rosenfeld, MSNBC Newsweek, 22 Apr. 2025 See All Example Sentences for in bankruptcy

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“In bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/in%20bankruptcy. Accessed 4 Jun. 2025.

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