Act Of Bankruptcy

Pronunciation: /ækt ʌv bæŋk.rʌpt.si/

Definitions of act of bankruptcy

noun a legal term referring to a specific action or event that constitutes an act of bankruptcy

Example Sentences

A1 An act of bankruptcy can lead to financial trouble for individuals.

A2 Filing for bankruptcy is considered an act of bankruptcy.

B1 The company's sudden closure was seen as an act of bankruptcy.

B2 The court ruled that the CEO's reckless spending was an act of bankruptcy.

C1 The deliberate concealment of assets can be considered an act of bankruptcy.

C2 Engaging in fraudulent activities to avoid debts is a serious act of bankruptcy.

Examples of act of bankruptcy in a Sentence

formal The debtor's failure to pay their debts may be considered an act of bankruptcy.

informal If you keep ignoring your bills, you're gonna end up committing an act of bankruptcy.

slang Dude, not paying your debts is like asking for an act of bankruptcy.

figurative Her reckless spending was the ultimate act of bankruptcy for her financial stability.

Grammatical Forms of act of bankruptcy

• plural: acts of bankruptcy
• comparative: more acts of bankruptcy
• superlative: most acts of bankruptcy
• present tense: acts of bankruptcy
• future tense: will be acts of bankruptcy
• perfect tense: have been acts of bankruptcy
• continuous tense: are acts of bankruptcy
• singular: act of bankruptcy
• positive degree: act of bankruptcy
• infinitive: to act of bankruptcy
• gerund: acting of bankruptcy
• participle: acted of bankruptcy

Origin and Evolution of act of bankruptcy

First Known Use: 1601 year

Language of Origin: English

Story behind the word: The term 'act of bankruptcy' originated in English common law.

Evolution of the word: Originally used to refer to specific actions or behaviors that indicated a person was insolvent or unable to pay their debts, the term 'act of bankruptcy' has evolved to encompass a broader range of financial actions that can lead to a person being declared bankrupt.