Bankrupcy vs. Bankruptcy — Which is Correct Spelling?
Edited by Tayyaba Rehman — By Fiza Rafique — Updated on March 27, 2024
Bankrupcy is an incorrect spelling. The correct spelling is bankruptcy, the legal process for insolvent entities seeking debt relief.
Table of Contents
Which is correct: Bankrupcy or Bankruptcy
How to spell Bankruptcy?
Bankrupcy
Incorrect Spelling
Bankruptcy
Correct Spelling
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Key Differences
Remember the "rupt" in bankruptcy which means "break."
Always include the "t" before the "c" in bankruptcy.
Visualize a bank being "ruptured" when thinking of bankruptcy.
Use mnemonic: "Bank is rupt when it's bankrupt."
Relate to similar words like "rupture" to recall the "rupt" segment.
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How Do You Spell Bankruptcy Correctly?
Incorrect: The company's bankrupcy was announced in the news.
Correct: The company's bankruptcy was announced in the news.
Incorrect: After the bankrupcy, they started to rebuild their finances.
Correct: After the bankruptcy, they started to rebuild their finances.
Incorrect: Many people worry about the stigma of bankrupcy.
Correct: Many people worry about the stigma of bankruptcy.
Incorrect: They had to declare bankrupcy after their business failed.
Correct: They had to declare bankruptcy after their business failed.
Incorrect: Filing for bankrupcy can be a complicated process.
Correct: Filing for bankruptcy can be a complicated process.
Bankruptcy Definitions
A legal proceeding involving a person or business that cannot repay debts.
After several poor financial decisions, the company filed for bankruptcy.
The condition of having no monetary means to cover outstanding debts.
The sudden market crash led many into bankruptcy.
The state of being insolvent and unable to pay off debts.
Many feared the business was heading towards bankruptcy.
A declaration by a court that an individual or organization is insolvent.
The court's decision confirmed the company's bankruptcy.
An event causing financial ruin or insolvency.
The failed product launch was a bankruptcy for the small startup.
The state of being bankrupt.
A legal proceeding that allows for a person or entity to be declared bankrupt.
The system of adjudication that declares instances of bankruptcy
Went into bankruptcy.
A legally declared or recognized condition of insolvency of a person or organization.
The state of being actually or legally bankrupt.
The act or process of becoming a bankrupt.
Complete loss; - followed by of.
A state of complete lack of some abstract property;
Spiritual bankruptcy
Moral bankruptcy
Intellectual bankruptcy
Inability to discharge all your debts as they come due;
The company had to declare bankruptcy
Fraudulent loans led to the failure of many banks
A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Bankruptcy Meaning in a Sentence
Declaring bankruptcy was the only option left for the company.
Bankruptcy can discharge certain types of debt.
Bankruptcy laws are designed to help people get a fresh start.
Filing for bankruptcy affects your credit score significantly.
The bankruptcy filing shocked the community.
You can rebuild your credit after bankruptcy with careful planning.
The bankruptcy court will review the case next month.
There are different chapters of bankruptcy, each with its own rules.
He hired a lawyer to navigate the bankruptcy process.
Bankruptcy is often seen as a last resort.
Creditors may challenge the discharge of debts in bankruptcy.
Bankruptcy filings are public records.
Exemptions in bankruptcy protect certain assets from being sold.
The decision to file for bankruptcy should be made with legal advice.
After bankruptcy, it's important to budget carefully.
Many small businesses face bankruptcy during economic downturns.
Bankruptcy can provide relief from overwhelming debt.
She attended a mandatory credit counseling session before filing for bankruptcy.
Post-bankruptcy, he focused on financial education to avoid future problems.
The bankruptcy trustee oversees the distribution of assets.
Her bankruptcy was caused by unexpected medical bills.
Declaring bankruptcy can stop foreclosure on a house.
Bankruptcy does not eliminate all types of debt.
The bankruptcy code provides guidelines for debt relief.
Bankruptcy can temporarily halt creditor harassment.
Bankruptcy Idioms & Phrases
Bankruptcy protection
Legal status that prevents creditors from collecting debts from you directly, once you've filed for bankruptcy.
They sought bankruptcy protection to halt the foreclosure of their home.
Discharged in bankruptcy
When debts are officially declared non-repayable by a bankruptcy court, freeing the debtor from paying them.
Most of her medical debts were discharged in bankruptcy.
Bankruptcy fresh start
The idea that filing for bankruptcy gives an individual or business a new beginning by wiping out certain debts.
After the bankruptcy fresh start, they were able to rebuild their credit within a few years.
File for bankruptcy
The act of submitting a petition in court to declare inability to pay debts.
The company decided to file for bankruptcy after losing its major client.
Common Curiosities
Why is it called bankruptcy?
It derives from the Italian word "banca rotta," meaning "broken bench," referring to an insolvent banker's bench being broken.
What is the verb form of bankruptcy?
To go bankrupt.
What is the root word of bankruptcy?
The root word is "bankrupt."
Which vowel is used before bankruptcy?
The vowel "u" is used before the "p" in bankruptcy.
What is the singular form of bankruptcy?
Bankruptcy.
Is bankruptcy an abstract noun?
Yes, it represents a state or condition and isn't tangible.
What is the pronunciation of bankruptcy?
Bankruptcy is pronounced as /ˈbæŋ.krəp.si/.
What is the plural form of bankruptcy?
Bankruptcies.
Which conjunction is used with bankruptcy?
Any conjunction can be used, such as "and" or "but," depending on the sentence.
Is the bankruptcy term a metaphor?
No, though its origin relates to a metaphorical "broken bench."
Which article is used with bankruptcy?
Both "a" and "the" can be used, depending on context.
Is bankruptcy a countable noun?
Yes, you can refer to one bankruptcy, two bankruptcies, etc.
How many syllables are in bankruptcy?
Three syllables.
What is the opposite of bankruptcy?
Solvency.
What is the first form of bankruptcy?
Bankruptcy (referring to the noun form as there isn't a verb form directly from bankruptcy).
Which preposition is used with bankruptcy?
"In" as in "in bankruptcy."
Is bankruptcy a noun or adjective?
Bankruptcy is primarily a noun.
Is bankruptcy an adverb?
No, bankruptcy is not an adverb.
What is the second form of bankruptcy?
Not applicable (as there isn't a verb form directly from bankruptcy).
How is bankruptcy used in a sentence?
"After years of financial struggles, the company was finally pushed into bankruptcy."
Is bankruptcy a negative or positive word?
Generally perceived as negative due to its association with financial trouble.
Is the word bankruptcy imperative?
No.
What part of speech is bankruptcy?
Noun.
Which determiner is used with bankruptcy?
Determiners like "this," "that," "my," "your" can be used with bankruptcy.
Is bankruptcy a vowel or consonant?
"Bankruptcy" is a word containing both vowels and consonants.
Is bankruptcy a collective noun?
No, it is not.
How do we divide bankruptcy into syllables?
bank-rupt-cy.
What is a stressed syllable in bankruptcy?
The first syllable, "Bank."
What is another term for bankruptcy?
Insolvency.
What is the third form of bankruptcy?
Not applicable (as there isn't a verb form directly from bankruptcy).
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Written by
Fiza RafiqueFiza Rafique is a skilled content writer at AskDifference.com, where she meticulously refines and enhances written pieces. Drawing from her vast editorial expertise, Fiza ensures clarity, accuracy, and precision in every article. Passionate about language, she continually seeks to elevate the quality of content for readers worldwide.
Edited by
Tayyaba RehmanTayyaba Rehman is a distinguished writer, currently serving as a primary contributor to askdifference.com. As a researcher in semantics and etymology, Tayyaba's passion for the complexity of languages and their distinctions has found a perfect home on the platform. Tayyaba delves into the intricacies of language, distinguishing between commonly confused words and phrases, thereby providing clarity for readers worldwide.
