Plural of bankruptcy; multiple instances or cases of legal insolvency where people or organizations cannot pay their debts.
Plural of 'bankruptcy,' formed by adding '-cies' (the standard plural for words ending in '-cy'), from Italian 'banca rotta' through Old French and Middle English.
The Great Depression saw over 9,000 bank bankruptcies in the U.S. alone—a staggering number that inspired Congress to create the FDIC so ordinary people wouldn't lose their life savings to bank failure!
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