tech debt bankruptcy
/tek det BANK-rupt-see/ · noun · Development · Origin: 2010
Definitions
The point at which accumulated technical debt becomes so severe that incremental repayment is no longer viable and the only practical option is a complete rewrite or major architectural overhaul. Like financial bankruptcy, it typically follows years of deferred maintenance, shortcuts, and 'we'll fix it later' promises that were never honored.
In plain English: When a codebase has accumulated so many shortcuts and workarounds that it's cheaper to start over than to keep patching it — the software equivalent of going bankrupt.
Example: After three years of feature-only sprints and zero refactoring, the team declared tech debt bankruptcy and spent an entire quarter rewriting the payment system from scratch.