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.

---

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

---

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

His predecessor, Ayatollah Ruhollah Khomeini, had left the nation bankrupt and humiliated, following an eight-year war with neighboring Iraq, one of the deadliest global conflicts of the past century.

From The Wall Street Journal

The prospect of tariff refunds is the latest opportunity in the world of claims trading, where investors scoop up rights tied to everything from tax refunds to bankrupt companies.

From The Wall Street Journal

The Kenyan clean cookstove project developer Koko Networks went bankrupt at the end of January, in part because it failed to negotiate a letter of authorization with the government.

From The Wall Street Journal

It was hugely successful, but we had a flood nine months after we opened, which bankrupted us, theoretically bankrupt, but we were able to climb out.

From The Wall Street Journal

First Brands Group has been unable to find financing or a buyer to continue most of its companywide operations, the bankrupt auto-parts supplier said as it laid off employees in its aftermarket businesses Monday.

From The Wall Street Journal

Related Words

• broke
• destitute
• failed
• insolvent