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Bankruptcy:
Legal proceeding in which a debtor declares his or her inability to pay consumer or business debts as they become due.
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bankrupt
- unable to pay debts: judged legally to be unable to pay off personal debts
- without qualities: completely lacking in a particular quality, especially in good or ethical qualities
- somebody who cannot pay debts: somebody who is unable to pay his or her debts
- somebody without quality: somebody who...
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