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What are bankruptcies?

What are bankruptcies? Here are some definitions.

Noun
  1. plural of bankruptcy
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Many more bankruptcies and restructurings are on the horizon, predict experts.
When these terminals were first introduced to two western provinces, there was a marked increase in bankruptcies, divorces and suicides.
With the effluxion of 42 years, it has been difficult to contact many of the creditors with death, bankruptcies and relocations intervening.
Between 1873 and 1877, Americans registered a record number of business bankruptcies, both large and small.
Many personal bankruptcies are related to small business failures because business loans are often secured over personal assets.
That bankruptcies have soared to a nine-year high should set a few alarm bells ringing for the big spenders among us.

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