PhysicalThing: bankruptcy

Lexeme:	bankruptcy Very Rare (0.01)
Definition:	noun. Bankruptcy is a legal process in which individuals or businesses declare inability to pay their debts. It involves court intervention to liquidate assets or develop a repayment plan, enabling elimination or reduction of debts, offering relief and financial fresh start. GPT3.5 Word Forms: noun. bankruptcy (singular), bankruptcies (plural)
Synonyms:	(none)
Abstraction:	(hypernym) event (hypernym) physical thing
Composition:	(none)
Properties:	(none)
Basic Categories:	information
Related Concepts:	(none)
Policy Examples:	In connection with a substantial corporate transaction, such as the sale of our business, a divestiture, merger, consolidation, or asset sale, or in the unlikely event of bankruptcy. #tinder
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