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

Before Sisto began the process of consolidating the loans to make his monthly payments more manageable, he said he would wake up in the middle of the night wondering if he would go bankrupt.

From MarketWatch

In its defense, Cox argued that internet service providers could be bankrupted by huge lawsuits for copyright infringement, which they said they did not cause and could not prevent.

From Los Angeles Times

Donovan, 44, played 15 seasons with the Galaxy and San José Earthquakes, arguably saving MLS by returning from an unsuccessful stint in Germany at a time when the league was in danger of going bankrupt.

From Los Angeles Times

Another mall owner, General Growth Properties, bought Rouse in a $12.6 billion acquisition financed almost entirely by debt and later went bankrupt.

From The Wall Street Journal

Complications arose when my employer went bankrupt and was acquired by a new company.

From MarketWatch

Related Words

• broke
• destitute
• failed
• insolvent