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  1. Dictionary

    bank·rupt
    [ˈbaNGkrəpt]
    adjective
    bankrupt (adjective)
    1. (of a person or organization) declared in law unable to pay outstanding debts:
      "his father went bankrupt and the family had to sell their home" · "the company was declared bankrupt"
      • impoverished or depleted:
        "a bankrupt country with no natural resources"
    2. completely lacking in a particular quality or value:
      "their cause is morally bankrupt"
    noun
    bankrupt (noun) · bankrupts (plural noun)
    1. a person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of creditors.
    verb
    bankrupt (verb) · bankrupts (third person present) · bankrupted (past tense) · bankrupted (past participle) · bankrupting (present participle)
    1. reduce (a person or organization) to bankruptcy:
      "the strike nearly bankrupted the union"
    Origin
    mid 16th century: from Italian banca rotta ‘broken bench’, from banca (see bank) and rompere ‘to break’. The change in the ending was due to association with Latin rupt- ‘broken’.
    Translate bankrupt to
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    Similar and Opposite Words
    adjective
    1. (of a person or organization) declared in law unable to pay outstanding debts:
      wiped out
      gone under
      in debt
      owing money
      in the red
      in administration
      in receivership
      Opposite:
      • completely lacking in a particular quality or value:
        completely lacking in
        bereft of
        exhausted of
        devoid of
        empty of
        depleted of
        destitute of
        vacant of
        bare of
        denuded of
        deprived of
        Opposite:
        teeming with
      noun
      1. a person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of creditors.
        bankrupt person
      verb
      1. reduce (a person or organization) to bankruptcy:
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    2. People also ask
      What happens if a person goes bankrupt?People or organizations that go bankrupt do not have enough money to pay their debts. A bankrupt is a person who has been declared bankrupt by a court of law. To bankrupt a person or organization means to make them go bankrupt. The move to the market nearly bankrupted the firm and its director.
      What does bankrupt mean?bankrupt suggests impoverishment to the point of imminent collapse. Noun As a lawyer, she specialized in working with bankrupts. Adjective The lawsuit could leave them bankrupt. the company's product development team was bankrupt of ideas Verb Several risky deals bankrupted the company. several bad investments bankrupted him
      How does bankruptcy work?Bankruptcy is a legal proceeding initiated when a person or business cannot repay outstanding debts or obligations. It offers a fresh start for people who can no longer afford to pay their bills. The bankruptcy process begins with a petition filed by the debtor, which is most common, or on behalf of creditors, which is less common.
      What is a bankrupt person?A bankrupt is a person who has been declared bankrupt by a court of law. To bankrupt a person or organization means to make them go bankrupt. The move to the market nearly bankrupted the firm and its director. Read about the team of authors behind Collins Dictionaries.
       
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