in bankruptcy

phrase

: officially recognized as bankrupt

The company is now in bankruptcy.

Examples of in bankruptcy in a Sentence

Recent Examples on the Web

Even in bankruptcy, Brightline still operates the Orlando and Miami line that tops speeds of 125 mph. — Chris Isidore, CNN Money, 4 Oct. 2026

By May 2024, Red Lobster was in bankruptcy court, and Thai Union essentially handed the keys over to creditors, including Fortress Investment Group, which emerged as the eventual owner. — Nick Lichtenberg, Fortune, 1 Oct. 2026

Any property sold at auction in bankruptcy court would be free and clear of liens and interests, such as claims and titles, Bright Willie said. — San Antonio Express-News, 30 Sep. 2026

Referring to the Kennedy Center’s earlier comments, Werkheiser said filing for receivership does not require for the organization to be in bankruptcy and is often done to prevent bankruptcy proceedings. — Maximilíano Durón, ARTnews.com, 17 Sep. 2026