failure vs bankruptcy

failure and bankruptcy both are nouns.

Word	Noun	Adjective	Verb	Adverb
failure	Yes	No	No	No
bankruptcy	Yes	No	No	No

As nouns, bankruptcy is a hyponym of failure; that is, bankruptcy is a word with a more specific, narrower meaning than failure:

Other hyponyms of failure include bank failure, crop failure, dead duck.

As nouns, failure and bankruptcy are synonyms defined as:

failure and bankruptcy: inability to discharge all your debts as they come due

failure (noun)	bankruptcy (noun)
an act that fails	a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
an unexpected omission	inability to discharge all your debts as they come due
an event that does not accomplish its intended purpose	a state of complete lack of some abstract property
a person with a record of failing; someone who loses consistently
lack of success
loss of ability to function normally
inability to discharge all your debts as they come due