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bankrupt

Syllabification: bank·rupt
Pronunciation: /ˈbaNGkˌrəpt
 
/

Definition of bankrupt in English:

adjective

1(Of a person or organization) declared in law unable to pay outstanding debts: the company was declared bankrupt his father went bankrupt and the family had to sell their home
More example sentences
  • The trustee's job is to liquidate bankrupt companies to repay bondholders.
  • Lawyers are aggressively suing on behalf of bankrupt companies to recoup money paid to creditors
  • Cantillon quickly built up a successful banking business and paid off the debts of his bankrupt uncle despite the very chaotic financial conditions in France.
Synonyms
insolvent, failed, ruined, in debt, owing money, in the red, in arrears, overleveraged, in receivership
informal bust, belly up, broke, cash-strapped, flat broke
1.1Impoverished or depleted: a bankrupt country with no natural resources
More example sentences
  • Britain, bankrupt and exhausted by the war, lost the will to hold what it had.
2Completely lacking in a particular quality or value: their cause is morally bankrupt
More example sentences
  • There's virtue to such curiosity and research, but it could also leave an exhausted writer holding an emotionally bankrupt manuscript in calloused hands.
  • Because when we're emotionally bankrupt by virtue of having burned ourselves out, then we have nothing to give.
  • In truth, he was politically bankrupt after 2000, and he is not all that much stronger today.
Synonyms
bereft of, devoid of, empty of, destitute of;
completely lacking in, without, in need of, wanting

noun

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A person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of creditors.
Example sentences
  • But we will provide more effective protection against the small minority of bankrupts who abuse their creditors and the public.
  • The reason for the foregoing restraint on bankrupts ' pursuing claims in relation to their property which they owned before a sequestration order is well explained in the cases.
  • The law permits bankrupts to sue for libel and keep any money awarded from such suits.

verb

[with object] Back to top  
Reduce (a person or organization) to bankruptcy: the strike nearly bankrupted the union
More example sentences
  • ‘They did shut the Wysick before and it nearly bankrupted him,’ he said.
  • The flip side to that, however, is that it also nearly bankrupted us in the process.
  • However, the house nearly bankrupted him and it was bought in 1707 by the Dalrymple family, who dominated Scottish law in the 18th century.
Synonyms
ruin, impoverish, reduce to penury/destitution, bring to ruin, bring someone to their knees, wipe out, break

Origin

mid 16th century: from Italian banca rotta 'broken bench', from banca (see bank2) and rompere 'to break'. The change in the ending was due to association with Latin rupt- 'broken'.

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