1. 破产；倒闭
    Bankruptcy is the state of being bankrupt.

    e.g. It is the second airline in two months to file for bankruptcy...
           这是两个月内第二家申请破产的航空公司。
    e.g. Many established firms were facing bankruptcy.
           许多成熟的企业正面临倒闭。

2. 破产事件；倒闭事件
    A bankruptcy is an instance of an organization or person going bankrupt.

    e.g. The number of corporate bankruptcies climbed in August.
           8月份企业破产数字攀升。

3. 彻底；缺乏
    If you refer to something's bankruptcy, you are emphasizing that it is completely lacking in value or worth.

    e.g. The massacre laid bare the moral bankruptcy of the regime.
           大屠杀使该政权的道德沦丧暴露无遗。