bankruptbank‧rupt1 /ˈbæŋkrʌpt/ ●●○ adjective1FAILMONEYwithout enough money to pay what you oweSYN insolventThe firm went bankrupt before the building work was completed.In 1977 he was declared bankrupt (=by a court).Mr Trent lost his house when he was made bankrupt.Seventeen years of war left the country bankrupt.a bankrupt electrical company2NOT HAVEcompletely lacking a particular good qualityThe opposition attacked the government as morally bankrupt.THESAURUSbankrupt without any money and unable to pay your debts – used about a person or business that has to officially admit this and stoptrading permanentlyMany small businesses will go bankrupt unless interest rates fall.He was declared bankrupt in the High Court yesterday.be in financial difficulties to have difficulty paying your bills and debts, often so that you are in danger of becoming bankrupt – used about people and businessesThe firm has been in financial difficulties for some time.He was in financial difficulties and knew that he would have to sell his home.go bust/go under informal to become bankrupt and have to stop operating – used about a businessThe supermarket isn’t there anymore – it went bust ages ago.During the last recession, dozens of businesses were going under every day.insolvent formal bankrupt – used about people and businessesThe bank was declared insolvent. Directors of insolvent companies often ignore demands for payment.Individuals becoming insolvent also jumped 9% to 9,470 in the third quarter.
bankruptbankrupt2 verb [transitive]BMONEYto make a person, business, or country bankrupt or very poorSYN ruinJohns had been nearly bankrupted through a failed business venture.→ See Verb table
Examples from the Corpus
bankrupt• Twice he was bankrupted, and he was never successful.• Johnny Haynes's £100 a week neither bankrupted Fulham nor killed the game.• There are fears the new law could bankrupt some small businesses.• He realized that it would bankrupt the company if he continued the expansion.• There are already 80 casinooperations and owners fear the star's Vegas-style resort will bankrupt them by luring away gamblers.• After the 1982 recession virtually bankrupted them, many states adopted the practice.• But cost-containment programs will force people to grapple with it, because healthcare is bankrupting us.• What are they trying to do, bankrupt us?
bankruptbankrupt3 noun [countable]BMONEYsomeone who has officially said that they cannot pay their debtscertified/uncertified bankrupt British English (=one a court does or does not allow to start a business again)
Examples from the Corpus
bankrupt• It was no surprise when the Internet Startup firm declared bankruptcy.• In a few years you will blow your brains out, a bankrupt.• The incipientbankrupts were almost as bad.• The debts owing by each of the bankruptsexceeded the values of their interests in the homes.• The bankrupt was sentenced to 12 months' imprisonment.From King Business Dictionarybankruptbank‧rupt1 /ˈbæŋkrʌpt/ adjectiveLAWFINANCEnot having enough money to pay your debtsMany people would lose their jobs if the firm were to go bankrupt.He was declared bankrupt at London’s High Court yesterday.bankruptbankrupt2 noun [countable]LAW someone judged to be unable to pay their debts by a court of law, and whose financialaffairs are handled by a court official until the debts are settled →certificated bankrupt →discharged bankrupt →undischarged bankruptbankruptbankrupt3 verb [transitive]FINANCEto make a person, business, or country go bankruptThe new legislation would help restore pride in farming without bankrupting farmers in the process.→ See Verb tableOriginbankrupt3(1500-1600)bankrupt“bankruptcy”((16-18 centuries)), from Frenchbanqueroute, from Old Italianbancarotta, from banca“bank” + rotta“broken”