Critics view the decision as an example of moral/ethical 'bankruptcy' on the part of the administration.
The company 'filed for bankruptcy' [=officially asked to be legally recognized as bankrupt] in July.
He 'declared bankruptcy'. [=formally said that he was bankrupt in a legal document]
(..) Punch me, I bleed. I have to go. I'm getting married in a church. You are different. Dear, we agreed to put on a wedding, not go into bankruptcy. Caviar? What, are we inviting the czar? Get some cheese and crackers, some of those little cocktail weenies. I got a garbage man here says he's (..)2004 Spider-Man 2