The phrase "prior bankruptcy" means that someone has declared themselves unable to pay their debts in the past and gone through a legal process to resolve their financial problems.
Sentences with «prior bankruptcy»
VA Loans are available to borrowers with prior bankruptcy, foreclosure, or short sale. (vahomeloancenters.org)
Chapter 13 Case Dismissed Due to Failure to Disclose Prior Bankruptcy Filings, Other Acts Deemed in Bad Faith (losangelesbankruptcylawyerblawg.com)
-- The government will look at prior bankruptcies in considering your creditworthiness for a PLUS loan. (studentloanborrowerassistance.org)