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    Bank·rupt
    /ˈbaNGkrəpt/

    adjective

    • 1. (of a person or organization) declared in law unable to pay outstanding debts: "his father went bankrupt and the family had to sell their home" Similar insolventbankruptedfailedruinedOpposite solvent
    • 2. completely lacking in a particular quality or value: "their cause is morally bankrupt" Similar completely lacking inwithoutbereft ofexhausted ofOpposite teeming with

    noun

    • 1. a person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of creditors.

    verb

    • 1. reduce (a person or organization) to bankruptcy: "the strike nearly bankrupted the union"
  2. The meaning of BANKRUPT is a debtor (such as an individual or an organization) whose property is subject to voluntary or involuntary administration under the bankruptcy laws for the benefit of the debtor's creditors. How to use bankrupt in a sentence. Synonym Discussion of Bankrupt.

  3. unable to pay what you owe, and having had control of your financial matters given, by a law court, to a person who sells your property to pay your debts: He went bankrupt after only a year in business. The recession has led to many small businesses going bankrupt. informal.

  4. May 24, 2024 · Bankruptcy is a legal proceeding carried out to free individuals or businesses from their debts. Creditors still have an opportunity for repayment with the bankruptcy...

  5. The meaning of BANKRUPTCY is the quality or state of being bankrupt. How to use bankruptcy in a sentence.

  6. Definitions of bankrupt. adjective. financially ruined. “a bankrupt company” synonyms: belly-up. insolvent. unable to meet or discharge financial obligations. verb. reduce to bankruptcy. synonyms: break, ruin, smash. see more. noun. someone who has insufficient assets to cover their debts. synonyms: insolvent. see more. Pronunciation. US.

  7. Bankrupt definition: a person who upon their own petition or that of their creditors is adjudged insolvent by a court and whose property is administered for and divided among their creditors under a bankruptcy law.. See examples of BANKRUPT used in a sentence.

  8. 3 days ago · a person legally declared unable to pay his or her debts: the property of a bankrupt is administered for the benefit of his or her creditors and divided among them

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