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Definition of bankruptcy:

  1. Complete loss; - followed by of.
  2. The act or process of becoming a bankrupt.
  3. The state of being actually or legally bankrupt.

Synonyms:

financial loss or ruin, money, overdraft, impecuniosity, ruination, chapter, loser, liquidation, defalcation, nonstarter, nonpayment, failure, defaulting, unsuccessful person, ruin, straitened circumstances, bust, beggary, repudiation, going to the wall, economic death.

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