What's the difference between bankruptcy and broke?

Bankruptcy


Definition:

  • (n.) The state of being actually or legally bankrupt.
  • (n.) The act or process of becoming a bankrupt.
  • (n.) Complete loss; -- followed by of.

Example Sentences:

  • (1) Ukraine has said it needs $35 billion over the next two years to stave off bankruptcy.
  • (2) Banking group HBOS was not driven to point of bankruptcy by the global financial meltdown, but by its own strategy of high-risk lending, over-ambitious growth targets and poor controls, according to a hard-hitting report by the parliamentary commission on banking standards.
  • (3) To be sure, it may not be possible to establish a full international bankruptcy code; but a consensus could be reached on many issues.
  • (4) He is totally comfortable around Wall Street and bankers.” Trump’s effort to characterize himself as without obligation to the financial sector despite his long record of loans and debt restructuring during episodic turbulence in his business career, including the bankruptcy of Trump Hotels & Casino Resorts in 2004, is likely to raise eyebrows.
  • (5) We know that in England there are trusts that are on the verge of bankruptcy and 4,500 nurses have been made redundant .
  • (6) But even if Greece is snatched from the brink of bankruptcy and kept in the euro in the coming days, the cause of promoting solidarity between eurozone nations has been long forgotten.
  • (7) In conclusion, there is a reasonable chance that retirement plan assets in Delaware qualified plans are insulated from judgment creditors, but the best course is to maintain adequate insurance protection and follow an aggressive prejudgment strategy in serious cases so you don't have to resolve the issue in a bankruptcy proceeding.
  • (8) The crime problems were enormous, riots tore apart many American cities – and the downside of fiscal decentralisation was that, in the 70s, you had cities like New York on the edge of bankruptcy .
  • (9) Using standard ratio tests, most clubs border on bankruptcy.
  • (10) Picard has filed a complaint in the US bankruptcy court against Cohmad Securities Corporation and a number of its principals, seeking to recover well over $100m allegedly paid to Cohmad in exchange for introducing clients to Madoff's firm.
  • (11) But sometimes a smile is not enough.” As the latest proposed deal to avoid Greece’s bankruptcy threatens to unravel , a row is raging on Rhodes and several other Greek islands over fears that they are being unfairly targeted.
  • (12) For Mokoena, qualification for the second round would cap an extraordinary season that has encompassed bankruptcy and relegation at Fratton Park, a losing FA Cup final and now captaining his country at the first African World Cup.
  • (13) It is high time that we applied the same principles to countries and introduced a sovereign bankruptcy law.
  • (14) The bank filed for Chapter 11 bankruptcy, which provides protection from creditors while it liquidates its business.
  • (15) If other unions follow suit in protest at Miliband's reforms, the party could face bankruptcy.
  • (16) Instead, they enact bankruptcy laws to provide the ground rules for creditor-debtor bargaining, thereby promoting efficiency and fairness.
  • (17) The International Monetary Fund has signed off on a $17.5bn (£11.8bn) four-year aid programme for Ukraine , the second attempt in less than a year to help the country avoid bankruptcy.
  • (18) People who never dreamed that one day they would not be able to pay their electricity bill, or feed their children properly.” As it has scrabbled for every last cent to satisfy its creditors and ward off bankruptcy, Greece’s government has taken cash wherever it could – local authorities, healthcare, pensions, social services have all been tapped.
  • (19) Days before it collapsed into bankruptcy protection a month ago Lehman Brothers revealed $6.12bn of staff pay plans in its corporate filings.
  • (20) Bankruptcy could potentially leave thousands of residents – many of them elderly and vulnerable – with nowhere to live, or forced into a disruptive move to alternative accommodation.

Broke


Definition:

  • () of Break
  • (v. i.) To transact business for another.
  • (v. i.) To act as procurer in love matters; to pimp.
  • () imp. & p. p. of Break.

Example Sentences:

  • (1) They broke in with a battering ram: an armoured vehicle known as a Bearcat.
  • (2) Cameron famously broke with the past, and highlighted his green credentials, by posing with huskies on a visit to Svalbard in the Norwegian Arctic in 2006.
  • (3) When war broke out, the nine-year-old Arden was sent away to board at a school near York and then on Sedbergh School in Cumbria.
  • (4) After friends heard that he was on them, Brumfield started observing something strange: “If we had people over to the Super Bowl or a holiday season party, I’d notice that my medicines would come up short, no matter how good friends they were.” Twice people broke into his house to get to the drugs.
  • (5) The 20-year-old now holds two world records after he broke the 50m best at the European Championships in Berlin during a 2014 season which saw him burst on to the international stage.
  • (6) Michele Hanson 'The heat finally broke – I realised something had to change …' Stuart Heritage (right) with his brother in 2003.
  • (7) Mark Latham's insights, insults and feuds are why he's worth reading | Gay Alcorn Read more BuzzFeed political editor Mark Di Stefano, the reporter who broke the story linking Latham to the less-than-savoury @RealMarkLatham Twitter account , had been chasing Stutchbury for days.
  • (8) This week, Umande broke ground on the first of a series of toilet block biocentres in a slum in Kisumu, near Lake Victoria.
  • (9) But in a setback to the UK, Somaliland, which broke away from Somalia in 1991, refused British entreaties to attend on the grounds that it would not have been treated as equal to the Somali government.
  • (10) The two of them broke up with their partners and in 1974 they married.
  • (11) From the stress-strain curve the following values were selected: strain, stress, and slope at 80 mmHg equivalent pressure (1 mmHg = 133.3 Pa); maximum stress, strain, and slope; and breaking stress, strain, and slope if the sample broke.
  • (12) While they're raking in the money, he is broke and out of work.'
  • (13) When last week’s scandal broke, Tesco chair Sir Richard Broadbent airily opined: “Things are always unnoticed until they are noticed.” He forgot to mention that that goes double if people are paid to turn a blind eye.
  • (14) Hazard, nominated for the Ballon d’Or earlier in the day, broke away from his industrious defensive running to curl a shot on to the base of the far post early on while Willian struck the crossbar with a free-kick just after the interval.
  • (15) When war broke out he was there again, scribbling anti-British propaganda for Coughlin's journal.
  • (16) Gowher Rizvi, chief representative of the prime minister, Sheik Hasina, told the Guardian that preparations for the forthcoming elections, were "completely on track" and that the tribunal, probing crimes committed during the 1971 war in which Bangladesh broke away from Pakistan, was about bringing justice previously denied by "the twists and turns" of the country's history.
  • (17) The airline had secured its injunction on the admittedly flimsy grounds that Unite broke strict rules over reporting ballot results.
  • (18) He couldn't quite get his body shape right as the ball broke to him.
  • (19) "We broke the trend, thankfully, and held the seat," he admits.
  • (20) When the news about the attack in Woolwich broke, by pure coincidence Ross Caputi was crashing on my sofa.