bankrupt

American  

[bangk-ruhpt, -ruhpt] / ˈbæŋk rʌpt, -rəpt /

noun

1. 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.

2. any insolvent debtor; a person unable to satisfy any just claims made upon them.

3. a person who is lacking in a particular thing or quality.

   a moral bankrupt.

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adjective

1. Law.  subject to or under legal process because of insolvency; insolvent.

   Synonyms:

   impoverished , destitute

2. at the end of one's resources; lacking (usually followed by of orin ).

   bankrupt of compassion;

   bankrupt in good manners.

3. 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)

1. to make insolvent.

   His embezzlement bankrupted the company.

bankrupt British  

/ ˈbæŋkrʌpt, -rəpt /

noun

1. a person adjudged insolvent by a court, his or her property being transferred to a trustee and administered for the benefit of his creditors

2. any person unable to discharge all his or her debts

3. a person whose resources in a certain field are exhausted or nonexistent

   a spiritual bankrupt

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adjective

1. adjudged insolvent

2. financially ruined

3. depleted in resources or having completely failed

   spiritually bankrupt

4. (foll by of) lacking

   bankrupt of intelligence

verb

1. (tr) to make bankrupt

Other Word Forms

• pseudobankrupt adjective
• quasi-bankrupt adjective

Etymology

Origin of bankrupt

First recorded in 1525–35; from Medieval Latin banca rupta “bank broken”; replacing adaptations of Italian banca rota and French banqueroute in same sense

Example Sentences

While Intel has been substantially weakened, it is far from bankrupt.

From The Wall Street Journal

In 2000, Glenn Medical went bankrupt, but was saved when it was awarded the “Critical Access” designation by the federal government that allowed it to receive higher reimbursement rates, Still said.

From Los Angeles Times

The Finlays implemented the cow-with-calf system with their herd, but the decision almost bankrupted the business when they did not have enough milk left to sell to market.

From BBC

Both Erin and Marcellino expressed some sympathy for the “pick-me girls,” and agreed that their behavior is understandable given a morally bankrupt situation.

From Salon

Simons founded Renaissance in 1978 and spent the first decade losing money on soybeans and nearly going bankrupt.

From MarketWatch

Related Words

• broke
• destitute
• failed
• insolvent