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 bankruptsee 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.

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

Insolvent and unable to pay debts as they come due.

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

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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