bankrupt

bankrupt
bank·rupt 1 /'baŋ-ˌkrəpt/ n: a debtor (as an individual or organization) whose property is subject to administration under the bankruptcy laws for the benefit of the debtor's creditors
was adjudicated a bankrupt — see also debtor
bankrupt 2 adj: ruined financially; esp: judicially declared a bankrupt
the company is bankrupt compare insolvent
bankrupt 3 vt: to reduce to bankruptcy
was bankrupt ed by attorney's fees

Merriam-Webster’s Dictionary of Law. . 1996.

bankrupt
I adjective bereft, broke, broken, decoctor, defaulting, destitute, failed, impecunious, impoverished, in receivership, in the hands of receivers, incapable of discharging liabilities, indigent, insolvent, left in penury, moneyless, out of funds, out of money, pauperized, penniless, poverty-stricken, ruined, unable to make both ends meet, unable to pay matured debts, unable to satisfy creditors, unmoneyed associated concepts: bankruptcy, bankruptcy court, discharge in bankruptcy, estate of the bankrupt II index destitute, impecunious, insolvent, poor (underprivileged)

Burton's Legal Thesaurus. . 2006


bankrupt
adj.
Insolvent and unable to pay debts as they come due.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


bankrupt
n.
1 A person or entity unable to pay debts due to insolvency.
2 A person (or entity) who has filed a voluntary petition for bankruptcy or against whom an involuntary petition for bankruptcy has been filed.
See also debtor.
3 The state of having been declared bankrupt by a Bankruptcy Court.

Webster's New World Law Dictionary. . 2000.

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Synonyms:
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Look at other dictionaries:

  • bankrupt — [baŋk′rupt΄, baŋk′rəpt] n. [Fr banqueroute < It banca rotta < banca, bench (see BANK1) + rotta, broken < L rupta, fem. pp. of rumpere, to break: see RUPTURE] 1. a person legally declared unable to pay his or her debts: the property of a… …   English World dictionary

  • Bankrupt — Bank rupt, a. 1. Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one s debts; as, a bankrupt merchant. [1913 Webster] 2. Depleted of money; not having the means of meeting pecuniary liabilities; …   The Collaborative International Dictionary of English

  • Bankrupt — Bank rupt, n. [F. banqueroute, fr. It. bancarotta bankruptcy; banca bank (fr. OHG. banch, G. bank, bench) + rotta broken, fr. L. ruptus, p. p. of rumpere to break. At Florence, it is said, the bankrupt had his bench (i.e., money table) broken.… …   The Collaborative International Dictionary of English

  • bankrupt — ► ADJECTIVE 1) declared in law unable to pay one s debts. 2) completely lacking in a particular good quality or value: morally bankrupt. ► NOUN ▪ a person legally declared as bankrupt. ► VERB ▪ reduce to a bankrupt state. DERIVATIVES …   English terms dictionary

  • Bankrupt — Bank rupt, v. t. [imp. & p. p. {Bankrupted}; p. pr. & vb. n. {Bankrupting}.] To make bankrupt; to bring financial ruin upon; to impoverish. [1913 Webster] …   The Collaborative International Dictionary of English

  • bankrupt — 1530s (n., bankrupt person ); 1560s (adj.), from It. banca rotta, lit. a broken bench, from banca moneylender s shop, lit. bench (see BANK (Cf. bank) (1)) + rotta broken, defeated, interrupted from (and remodeled on) L. rupta, fem. pp. of rumpere …   Etymology dictionary

  • bankrupt — the entity that files a bankruptcy; the debtor; the insolvent entity. This is a non technical term and is not used in the Bankruptcy Code (Glossary of Common Bankruptcy Terms) A person who has made an assignment or against whom a receiving order… …   Glossary of Bankruptcy

  • bankrupt — vb impoverish, exhaust, *deplete, drain Analogous words: denude, *strip, bare: sap, cripple, disable, undermine (see WEAKEN) …   New Dictionary of Synonyms

  • bankrupt — [adj] unable to pay debts broke, depleted, destitute, exhausted, failed, impoverished, in Chapter 11*, insolvent, lacking, lost, out of business, ruined, spent, tapped out; concept 334 Ant. rich, solvent, wealthy …   New thesaurus

  • bankrupt — a debtor, who has volunteered or been forced to appear before a Bankruptcy Court and has been judged insolvent, because s/he has insufficient assets to meet the demands of all creditors. Glossary of Business Terms * * * ▪ I. bankrupt bank‧rupt 1… …   Financial and business terms

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