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bankrupt
[ bangk-ruhpt, -ruhpt ]
noun
- Law. 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.
- any insolvent debtor; a person unable to satisfy any just claims made upon them.
- a person who is lacking in a particular thing or quality:
a moral bankrupt.
adjective
- Law. subject to or under legal process because of insolvency; insolvent.
Synonyms: impoverished, destitute
- at the end of one's resources; lacking (usually followed by of or in ):
bankrupt of compassion;
bankrupt in good manners.
- related to the act or process of being adjudged insolvent by a court and having one's property andministered for and divided among one's creditors.
verb (used with object)
- to make insolvent:
His embezzlement bankrupted the company.
bankrupt
/ ˈbæŋkrʌpt; -rəpt /
noun
- a person adjudged insolvent by a court, his or her property being transferred to a trustee and administered for the benefit of his creditors
- any person unable to discharge all his or her debts
- a person whose resources in a certain field are exhausted or nonexistent
a spiritual bankrupt
adjective
- adjudged insolvent
- financially ruined
- depleted in resources or having completely failed
spiritually bankrupt
- foll by of lacking
bankrupt of intelligence
verb
- tr to make bankrupt
Other Words From
- pseudo·bankrupt adjective
- quasi-bankrupt adjective
Word History and Origins
Origin of bankrupt1
Word History and Origins
Origin of bankrupt1
Example Sentences
While serving on the bench for more than 25 years, Fitzgerald oversaw multibillion-dollar coverage disputes waged between bankrupt companies and their insurers.
SoftBank-backed OneWeb got hundreds of satellites in orbit but went bankrupt earlier this year and was bought by a group led by the British government.
You know, if you’ve got a parking lot and you go bankrupt — well, the parking lot gets transferred to your creditors and they’ll develop the parking lot.
It allows you, if you’re confronted with a medical issue and your insurance is not up to par, it allows you to be able to deal with that health issue without the risk of going bankrupt.
The company shifted its focus away from South America toward the United States, plunging cash instead in Texas-based projects like Oncor Electric Delivery, the state’s once bankrupt and largest transmission and distribution electric utility.
These are men who now have wives and children, and their silence so many years later shows how morally bankrupt they remain.
Afterward he went bankrupt and said the stress caused him to split from his girlfriend.
It was that we have serious fiscal problems that are going to bankrupt cities and towns—literally—and hurt a lot of people.
By the late summer, AIG was functionally bankrupt—unable to meet financial obligations or raise new cash.
By the time the airline declared itself bankrupt in 1991, more than 90,000 people, including Ronald Reagan, were still waiting.
Now-a-days it is the bankrupt who flouts, and his too confiding creditors who are jeered and laughed at.
Any person who owes debts, or business corporation, may become a voluntary bankrupt.
The judge or referee must be present at this meeting, also the bankrupt if required by the court.
Then follows the first meeting of the bankrupt's creditors, within thirty days after the adjudication.
Whatever property on which a levy could have been made by judicial process against the bankrupt passes to the trustee.
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