declared bankruptcy

USAGE SUMMARY

The phrase "declared bankruptcy" is correct and usable in written English.
It is typically used when an individual or organization formally announces their inability to pay debts and seeks legal protection from creditors. Example: "After struggling with financial difficulties for several years, the company finally declared bankruptcy and began the process of restructuring its debts."

✓ Grammatically correct

News & Media

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Opera declared bankruptcy.

Encyclopedia Britannica

In 2009, it declared bankruptcy.

The New York Times

It declared bankruptcy in July.

Independent

Finally, Juliano declared bankruptcy.

The New York Times

Blub declared bankruptcy.

The Guardian

Then she declared bankruptcy.

The New Yorker

However, in February Rangers declared bankruptcy.

The Economist

Last January, the Checker company declared bankruptcy.

The New York Times

The company declared bankruptcy in 2001.

The New York Times

Mr. Nakoula declared bankruptcy in 2000.

The New York Times

In other news, Detroit just declared bankruptcy.

The New York Times

Expert writing Tips

Best practice

Consider the audience and context when choosing between "declared bankruptcy" and alternatives like "filed for bankruptcy" or "went bankrupt".

Common error

Avoid using incorrect tenses of "declare". "Declared bankruptcy" is past tense. For ongoing situations, use "is declaring bankruptcy" or "has declared bankruptcy".

Linguistic Context

The phrase "declared bankruptcy" functions as a verb phrase indicating the formal act of announcing an inability to pay debts. As Ludwig AI confirms, it is grammatically correct and commonly used. The action is often reported by news outlets and encyclopedias.

Expression frequency: Very common

Frequent in

News & Media

85%

Formal & Business

8%

Encyclopedias

7%

Less common in

Academia

0%

Science

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "declared bankruptcy" is a grammatically sound and very common verb phrase used to describe the formal act of announcing an inability to pay debts. Ludwig AI confirms its correctness, and its usage spans various contexts, predominantly in news and media, but also in formal business settings and encyclopedias. Related phrases include "filed for bankruptcy" and "went bankrupt". When writing, ensure correct tense usage and consider the audience to choose the most appropriate synonym. The phrase serves to inform or report on financial difficulties, maintaining a generally neutral register. Remember, it's always "declared bankruptcy", not "declared to bankruptcy".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Filed for bankruptcy

Replaces the verb "declared" with "filed for", emphasizing the action of initiating bankruptcy proceedings.

Went bankrupt

Uses a simpler verb phrase to indicate the state of being bankrupt, rather than the act of declaring it.

Entered bankruptcy

Emphasizes the process of starting bankruptcy proceedings.

Became insolvent

Focuses on the inability to pay debts, which leads to bankruptcy.

Liquidation proceedings initiated

Highlights the legal proceedings involved in selling assets to pay off debts.

Sought bankruptcy protection

Focuses on the legal protection sought through bankruptcy.

Petitioned for bankruptcy

Highlights the formal request for bankruptcy proceedings.

Was forced into liquidation

Emphasizes the involuntary nature of the liquidation process.

Assets seized due to insolvency

Highlights the consequence of insolvency, which is the seizure of assets.

Financial collapse occurred

Describes the overall financial failure that leads to bankruptcy.

FAQs

How is "declared bankruptcy" used in a sentence?

"Declared bankruptcy" indicates a formal announcement of inability to pay debts. For example, "After years of losses, the company "declared bankruptcy"".

What are alternatives to saying "declared bankruptcy"?

Alternatives include "filed for bankruptcy", "went bankrupt", or "became insolvent", depending on the specific context.

Is it correct to say "declared to bankruptcy"?

No, the correct phrasing is "declared bankruptcy" without the preposition "to". The verb "declare" directly takes "bankruptcy" as its object.

What's the difference between "declared bankruptcy" and "filed for bankruptcy"?

While similar, "declared bankruptcy" often implies a public announcement, whereas "filed for bankruptcy" emphasizes the legal action taken to initiate the process.