What context can I use each word in?
Learn when and how to use these words with these examples!
bust
Example
The company went bust after the economic downturn. [bust: adjective]
Example
He lost all his savings and went bust. [went bust: verb]
bankruptcy
Example
The company filed for bankruptcy due to overwhelming debt. [bankruptcy: noun]
Example
After years of struggling with debt, he finally declared bankruptcy. [declared bankruptcy: verb]
Good things to know
Which word is more common?
Bankruptcy is more commonly used than bust in formal and legal contexts. Bust is less common and often used in informal conversations or descriptions of failed businesses.
What’s the difference in the tone of formality between bust and bankruptcy?
While bust is associated with a casual and informal tone, bankruptcy is a formal term used in legal and financial contexts.
