Definition of bankrupt

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Bankrupt (n.) A trader who becomes unable to pay his debts; an insolvent trader; popularly, any person who is unable to pay his debts; an insolvent person..

Lern More About Bankrupt

Bankrupted :: Bankrupted (imp. & p. p.) of Bankrup.
Bankrupt :: Bankrupt (v. t.) To make bankrupt; to bring financial ruin upon; to impoverish.
Bankruptcies :: Bankruptcies (pl. ) of Bankruptc.
Bankruptcy :: Bankruptcy (n.) The state of being actually or legally bankrupt.
Adjudication :: Adjudication (n.) The decision upon the question whether the debtor is a bankrupt.
Ruin :: Ruin (n.) To bring to ruin; to cause to fall to pieces and decay; to make to perish; to bring to destruction; to bring to poverty or bankruptcy; to impair seriously; to damage essentially; to overthrow.
Assignment :: Assignment (n.) The transfer of the property of a bankrupt to certain persons called assignees, in whom it is vested for the benefit of creditors..
Assignee :: Assignee (v.) In England, the persons appointed, under a commission of bankruptcy, to manage the estate of a bankrupt for the benefit of his creditors..
Cessionary :: Cessionary (a.) Having surrendered the effects; as, a cessionary bankrupt..
Bankruptcy :: Bankruptcy (n.) Complete loss; -- followed by of.
Bankrupt :: Bankrupt (n.) A trader who secretes himself, or does certain other acts tending to defraud his creditors..
Bankrupting :: Bankrupting (p. pr. & vb. n.) of Bankrup.
Break :: Break (v. i.) To fall in business; to become bankrupt.
Failing :: Failing (n.) The act of becoming insolvent of bankrupt.
Bankruptcy :: Bankruptcy (n.) The act or process of becoming a bankrupt.
Fail :: Fail (v. i.) To become unable to meet one's engagements; especially, to be unable to pay one's debts or discharge one's business obligation; to become bankrupt or insolvent..
Break :: Break (v. t.) To destroy the financial credit of; to make bankrupt; to ruin.
Failure :: Failure (n.) A becoming insolvent; bankruptcy; suspension of payment; as, failure in business..
Messenger :: Messenger (n.) A person appointed to perform certain ministerial duties under bankrupt and insolvent laws, such as to take charge og the estate of the bankrupt or insolvent..
Bankrupt :: Bankrupt (a.) Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury..
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