breathing roomglossary / BREATHING ROOM breathing room. Slang. The postbankruptcy period during which a debtor may formulate a debt-repayment plan without harassment or interference by creditors. [Cases: Bankruptcy 3533.] 词条贡献者 法律翻译王漾,在一家顶尖英国律师事务所的上海办公室担任全职法律翻译,专注翻译各类与大中华业务有关的法律文件。