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
declaration of bankruptcy
adjudicate
discharged bankrupt
deed of arrangement
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