- 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 homeMore 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.
- 1.1Impoverished or depleted: a bankrupt country with no natural resourcesMore 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 bankruptMore 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.
nounBack to top
- A person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of creditors.More 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 unionMore 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.
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'.