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BANKRUPT definition: 1. unable to pay what you owe, and having had control of your financial matters given, by a law…. Learn more.
adj. 1. a. Having been legally declared insolvent. b. Financially ruined; impoverished. 2. a. Depleted of valuable qualities or characteristics: a morally and ethically bankrupt politician. b. Totally depleted; destitute: was bankrupt of new ideas. c. Being in a ruined state: a bankrupt foreign policy. tr.v. bank·rupt·ed, bank·rupt·ing, bank·rupts.
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.
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...
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.
A bankrupt is a person who has been declared bankrupt by a court of law. [ business ] Synonyms: bankrupt person , debtor , insolvent More Synonyms of bankrupt
Definition of bankrupt adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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.
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.
BANKRUPT meaning: 1. unable to continue in business because you cannot pay your debts: 2. to make someone bankrupt. Learn more.
