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Translate files Bankrupt
/ˈbæŋk.rʌpt/
Meaning & Definition
noun
a person who has been declared bankrupt.
After the trial, he was considered a bankrupt and lost his business assets.
verb
to cause (a person or organization) to become bankrupt.
The economic downturn bankrupted many small businesses.
to empty of resources or assets.
Overextending their investments ultimately bankrupted the firm.
adjective
unable to pay debts; financially ruined.
The company declared itself bankrupt after failing to secure new funding.
lacking in a particular quality; devoid.
He felt bankrupt of ideas after working on the project for too long.
Etymology
Derived from the Italian 'banca rotta', meaning 'broken bank'.
Common Phrases and Expressions
bankruptcy court:
A special court that handles bankruptcy cases.
file for bankruptcy:
To submit paperwork to declare oneself unable to pay debts.
go bankrupt:
To become bankrupt or unable to pay debts.
Related Words
Slang Meanings
Broke
After losing his job, he was totally broke.
Flat broke
I can't go out tonight; I'm flat broke.