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 creditorswas adjudicated a bankrupt — see also debtorbankrupt 2 adj: ruined financially; esp: judicially declared a bankruptthe company is bankrupt compare insolventbankrupt 3 vt: to reduce to bankruptcywas bankrupt ed by attorney's fees
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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
destitute, impecunious, insolvent, poor (underprivileged)
Burton's Legal Thesaurus. William C. Burton. 2006
adj.Insolvent and unable to pay debts as they come due.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
n.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. Susan Ellis Wild. 2000.