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    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:
      insolvent
      bankrupted
      failed
      ruined
      in arrears
      wiped out
      gone under
      in debt
      owing money
      in the red
      in administration
      in receivership
      Opposite:
      solvent
      • completely lacking in a particular quality or value:
        without
        in need of
        wanting
        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.
        insolvent
        debtor
        pauper
        bankrupt person
      verb
      1. reduce (a person or organization) to bankruptcy:
        ruin
        impoverish
        bring someone to their knees
        wipe out
        break
        cripple
        pauperize
        beggar
        make bankrupt
        cause to go bankrupt
        make insolvent
        reduce to penury/destitution
        bring to ruin

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      What happens if a person goes bankrupt?It takes a legal proceeding for the courts to declare a person bankrupt — or officially unable to pay his debts. Despite the word bank in bankrupt, the word can be used to describe an entity that is short of something other than money. A bankrupt nation might not have the natural resources for its people to produce goods.

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      What does bankrupt mean?Get a quick, free translation! BANKRUPT definition: 1. unable to pay what you owe, and having had control of your financial matters given, by a law…. Learn more.

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      dictionary.cambridge.org
      What does bankruptcy mean in a sentence?The federal Bankruptcy Act prescribes what property passes to the trustee and also what is exempt. Every debt which may be recovered either at law or in equity may be proved in bankruptcy. Bankruptcy definition: the state of being or becoming bankrupt. . See examples of BANKRUPTCY used in a sentence.

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      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.

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