Definition of bankrupts Bankrupts
We found 1 definitions of bankrupts from 1 different sources.
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What does bankrupts mean?
Part of speech
🔤WordNet
NounPlural: bankrupts |
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| bankrupt - someone who has insufficient assets to cover their debts | ||
| insolvent | ||
| unsuccessful person, nonstarter, loser, failure a horse that fails to run in a race for which it has been entered | ||
Verb |
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| bankrupt - reduce to bankruptcy; "My daughter's fancy wedding is going to break me!"; "The slump in the financial markets smashed him" | ||
| ruin, break, smash | ||
| impoverish make poor | ||
Adjectivebankrupt, bankrupter, bankruptest |
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| bankrupt - financially ruined; "a bankrupt company"; "the company went belly-up" | ||
| belly-up | ||
| insolvent unable to meet or discharge financial obligations; "an insolvent person"; "an insolvent estate" | ||
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Wiktionary 
- bankrupt (Verb)
To force into bankruptcy. - bankrupt (Adjective)
Having been legally declared insolvent.
Webster DictionaryWebster's Unabridged Dictionary 📘
- bankrupt (n.)
A trader who secretes himself, or does certain other acts tending to defraud his creditors. - 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. - bankrupt (n.)
A person who, in accordance with the terms of a law relating to bankruptcy, has been judicially declared to be unable to meet his liabilities. - bankrupt (a.)
Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant. - bankrupt (a.)
Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury. - bankrupt (a.)
Relating to bankrupts and bankruptcy. - bankrupt (a.)
Destitute of, or wholly wanting (something once possessed, or something one should possess). - bankrupt (v. t.)
To make bankrupt; to bring financial ruin upon; to impoverish.
OmegaWiki DictionaryOmegaWiki Dictionary Ω
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bankrupt
Having insufficient assets to cover one's debts. -
bankrupt
Having no money anymore; having lost all his money.
Chambers DictionaryChamber's 20th Century Dictionary 📕
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bankrupt
bangk′rupt, n. one who breaks or fails in business; an insolvent person.—adj. insolvent: destitute (with of).—n. Bank′ruptcy, the state of being or act of becoming bankrupt. [Fr. banque-route, It. banca rotta.]
Wikipedia 
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Anything that does not have enough money to pay all of its debt is insolvent. If it applies for protection by law it may then be bankrupt.
In many countries a company or business can "file for bankruptcy protection" so that creditors cannot destroy all of the physical capital and goodwill by breaking it apart and moving it away. All this provides is more time to work out a new deal between the owners and the people the business owes money.
An individual person who owes debt and cannot pay it can also "declare bankruptcy". That person will lose all but some basic things they own, but all the debt will go away. Normally they cannot easily borrow money again for years.
Very often, a creditor threatens a debtor with debt slavery, if the debtor does not know that they have a right to go bankrupt. This is a human rights problem in very many countries.
