Noun
The state of being actually or legally bankrupt.
The act or process of becoming a bankrupt.
Complete loss; -- followed by of.
Source: Webster's dictionaryCapitalism without bankruptcy is like Christianity without hell. Frank Borman
The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people. Ron Paul
Disappointment is a sort of bankruptcy - the bankruptcy of a soul that expends too much in hope and expectation. Eric Hoffer
His lack of education is more than compensated for by his keenly developed moral bankruptcy. Woody Allen
Bankruptcy is a sacred state, a condition beyond conditions, as theologians might say, and attempts to investigate it are necessarily obscene, like spiritualism. One knows only that he has passed into it and lives beyond us, in a condition not ours. John Updike
We have been in recess since July, and during that time there have been a fuel crisis, a Danish no vote, the collapse of the Euro and a war in the middle east, but what is our business tomorrow? The Insolvency Bill [Lords]. It ought be called the Bankruptcy Bill [Commons], because we play no role. Tony Benn