Spanish word

bancarrota

Pronunciation

IPA/baŋkaˈrota/

Meaning

  • feminine nounbankruptcy

Example

La empresa está en bancarrota.

The company is in bankruptcy.

Illustration for bancarrota (bankruptcy)

More examples

Después de negociar con los acreedores, pudo salir de la bancarrota.

After negotiating with the creditors, it was able to get out of bankruptcy.

Core concept

A legal declaration that a person or company cannot pay its debts.

Common phrases

  • declarar la bancarrota

    declare bankruptcy

  • abrir un proceso de bancarrota

    initiate bankruptcy proceedings

  • salir de la bancarrota

    get out of bankruptcy

Similar words

quiebra: Formal court process opening insolvency proceedings and arranging reorganization or liquidation.
insolvencia: Financial inability to cover debts because available assets or cash are insufficient.
suspensión de pagos: Temporary halt in paying creditors while negotiating terms or seeking relief.
ruina: Severe collapse of finances that destroys livelihood or makes a business unviable.

Definition in Spanish

Estado legal en el que una persona o empresa es declarada incapaz de pagar sus deudas y se procede a su liquidación o reorganización.

Word origin

Spanish bancarrota comes from Italian bancarotta, from banca 'bench' + rotta 'broken', originally referring to a moneylender's table being broken to signal insolvency.

Usage tips

  • A formal legal term often used with declarar or entrar en bancarrota in reports and documents, while everyday speech favors arruinarse or quebrar.

Opposites

Word lists with this word