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What are bankruptcies?

What are bankruptcies? Here are some definitions.

Noun
  1. plural of bankruptcy
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That bankruptcies have soared to a nine-year high should set a few alarm bells ringing for the big spenders among us.
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.
Personal bankruptcies are booming precisely because it's so easy to get in debt.
These losses led to mergers and bankruptcies, and set the stage for leveraged buyouts.
Many more bankruptcies and restructurings are on the horizon, predict experts.

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