bankrupt
noun, adjective

(a person) who has been declared by a court not to be capable of paying his or her debts and whose affairs are put into the hands of a receiver

Examples
  • a bankrupt property developer

  • She was adjudicated or declared bankrupt.

  • He went bankrupt after two years in business.

verb

to make someone become bankrupt

Example

The recession bankrupted my father.

Browse by Subjects
deferred creditor
trustee in bankruptcy
reorganisation
z-score
involuntary bankruptcy
See All Related Terms »

luxury tax
aged debtors analysis
International Federation of Stock Exchanges (FIBV)
EOQ
discrepancy