How Do You Spell BANKRUPTCIES?

Pronunciation: [bˈaŋkɹʌptsɪz] (IPA)

Bankruptcies is spelled with 11 letters including two consonant clusters, nk and pt. The word starts with the bilabial voiced consonant /b/ and ends with the voiceless alveolar fricative /s/. In IPA phonetic transcription, the word is written as /ˈbæŋkrʌptsiz/. The spelling of the word follows standard pronunciation rules in English, where the "k" follows the "n" because "nk" is a common consonant cluster. The "ies" at the end is used to pluralize the noun "bankruptcy".

BANKRUPTCIES Meaning and Definition

1. Bankruptcies refer to a legal process undertaken by individuals, businesses, or organizations unable to repay their outstanding debts to creditors. In simple terms, it is a state of financial insolvency where liabilities significantly exceed assets, rendering the debtor unable to meet its obligations. Bankruptcies often result in the declaration of bankruptcy, a formal legal status that initiates various legal procedures and safeguards.

   Typically, bankruptcies involve the intervention of a court or an insolvency professional who oversees the process. This may involve the liquidation of assets to repay creditors, or in some cases, the restructuring of debts to allow the debtor to continue operating while making affordable payments. The overarching aim is to provide a fair distribution of available assets among creditors and facilitate a fresh start for the debtor.

   Bankruptcies have several consequences for the parties involved. For the debtor, it often entails loss of control over assets and may lead to restrictions on financial activities. On the other hand, creditors may receive partial or full repayment depending on the circumstances and order of priority established by bankruptcy laws. Bankruptcies can have a wide-reaching impact, affecting not only the debtor's financial stability but also their creditworthiness, reputation, and potential future business opportunities.

   Overall, bankruptcies serve as a legal framework for addressing unsustainable financial situations, seeking to strike a balance between protecting the rights of creditors and providing an equitable resolution for debtors.

Top Common Misspellings for BANKRUPTCIES *

• bankrupties 21.0526315%
• bankrupcies 15.7894736%
• bankruptices 10.5263157%
• bankruptsies 10.5263157%
• bankrupctcies 10.5263157%
• bankruptcys 5.2631578%

* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.

Other Common Misspellings for BANKRUPTCIES

• bankrupsies
• banckrupcies
• bankrupcties
• bankrupticies
• bankruptcie
• vankruptcies
• nankruptcies
• hankruptcies
• gankruptcies
• bznkruptcies
• Bankruptcyes
• Bankruptcyed
• Bankruptacies

Etymology of BANKRUPTCIES

The word "bankruptcies" has Latin roots. It comes from the Latin term "bankrumpere", which is a combination of "banca" (a bench or table) and "rumpere" (to break). In ancient Rome, moneylenders and lenders in commercial transactions used to provide their services sitting at a bench or table. If they were unable to repay their debts, their bench or table would be broken to symbolize their insolvency. Over time, this term evolved and was adopted into various languages, including English, where it transformed into "bankruptcies" in the plural form.