Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “bankruptcy proceedings”

bankruptcy proceedings

noun [plural]
 
 
LAW, FINANCE the legal process of becoming officially bankrupt (= unable to pay what you owe): The county emerged from bankruptcy proceedings in June. The company has been under Chapter 11 bankruptcy proceedings since April, when it filed to reorganize for the second time in three years.
(Definition of bankruptcy proceedings from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of bankruptcy proceedings?
Add Cambridge dictionaries to your browser to your website

Word of the Day

sling

to throw or drop something carelessly

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More