(bankruptcies)
1.
Bankruptcy is the state of being bankrupt. (BUSINESS)
Many established firms were facing ~.
= insolvency
N-UNCOUNT
2.
A ~ is an instance of an organization or person going bankrupt. (BUSINESS)
The number of corporate bankruptcies climbed in August.
= insolvency
N-COUNT
3.
If you refer to something’s ~, you are emphasizing that it is completely lacking in value or worth.
The massacre laid bare the moral ~ of the regime.
N-UNCOUNT: usu supp N emphasis