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WORDNET DICTIONARY

Noun bankruptcy has 3 senses

• bankruptcy(n = noun.state) Array - a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
is a kind of failure

• bankruptcy(n = noun.state) failure - 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"
is a kind of insolvency
Derived form verb bankrupt₁

• bankruptcy(n = noun.act) Array - a legal process intended to insure equality among the creditors of a corporation declared to be insolvent; Array
is a kind of legal proceeding, proceeding, proceedings

CIDE DICTIONARY

THESAURUS

bankruptcy

bouncing check, breakage, breakdown, bust, collapse, crack-up, crash, crippling, damage, defeat, destruction, detriment, dilapidation, disablement, disrepair, encroachment, failure, futility, harm, hobbling, hurt, hurting, ill success, impairment, incapacitation, infringement, injury, inroad, insolvency, insufficient funds, kited check, losing game, loss, maiming, mayhem, mischief, mutilation, no go, nonaccomplishment, nonsuccess, overdraft, overdrawn account, receivership, ruination, ruinousness, sabotage, scathe, sickening, spoiling, successlessness, unsuccess, unsuccessfulness, uselessness, weakening

ROGET THESAURUS

bankruptcy

Failure

N failure, nonsuccess, nonfulfillment, dead failure, successlessness, abortion, miscarriage, brutum fulmen, labor in vain, no go, inefficacy, inefficaciousness, vain attempt, ineffectual attempt, abortive attempt, abortive efforts, flash in the pan, lame and impotent conclusion, frustration, slip 'twixt cup and lip, blunder, fault, omission, miss, oversight, slip, trip, stumble, claudication, footfall, false step, wrong step, faux pas, titubation, b_evue, faute, lurch, botchery, scrape, mess, fiasco, breakdown, flunk, mishap, split, collapse, smash, blow, explosion, repulse, rebuff, defeat, rout, overthrow, discomfiture, beating, drubbing, quietus, nonsuit, subjugation, checkmate, stalemate, fool's mate, fall, downfall, ruin, perdition, wreck, deathblow, bankruptcy, losing game, affaire flamb_ee, victim, bankrupt, flunker, flunky, unsuccessful, successless, failing, tripping, at fault, unfortunate, abortive, addle, stillborn, fruitless, bootless, ineffectual, ineffective, inconsequential, trifling, nugatory, inefficient, insufficient, unavailing, of no effect, aground, grounded, swamped, stranded, cast away, wrecked, foundered, capsized, shipwrecked, nonsuited, foiled, defeated, struck down, borne down, broken down, downtrodden, overborne, overwhelmed, all up with, ploughed, plowed, plucked, lost, undone, ruined, broken, bankrupt, played out, done up, done for, dead beat, ruined root and branch, flambe, knocked on the head, destroyed, frustrated, crossed, unhinged, disconcerted dashed, thrown off one's balance, thrown on one's back, thrown on one's beam ends, unhorsed, in a sorry plight, hard hit, stultified, befooled, dished, hoist on one's own petard, victimized, sacrificed, wide of the mark, out of one's reckoning, left in the lurch, thrown away, unattained, uncompleted, unsuccessfully, to little or no purpose, in vain, re infecta, the bubble has burst, the jig is up, the game is up, all is lost, the devil to pay, parturiunt montes, dies infaustus, tout est perdu hors l'honneur.

Nonpayment

N nonpayment, default, defalcation, protest, repudiation, application of the sponge, whitewashing, insolvency, bankruptcy, failure, insufficiency, run upon a bank, overdrawn account, waste paper bonds, dishonored bills, protested bills, bogus check, bogus cheque, rubber check, bankrupt, insolvent, debtor, lame duck, man of straw, welsher, stag, defaulter, levanter, not paying, non-paying, non-performing, in debt, behindhand, in arrear, behind in payments, in arrears, beggared, unable to make both ends meet, minus, worse than nothing, worthless, insolvent, bankrupt, in the gazette, gazetted, unpaid, gratis, unremunerated.

For further exploring for "bankruptcy" in Webster Dictionary Online