bankrupt
2
3.9
- noun
- /ˈbæŋkrʌpt/
:
insolvente
- Many bankrupts seek financial counseling to manage their debts more effectively.
- a bankrupt's property
- a bankrupt's residence
- a bankrupt's assets
Examples
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You'll be glad to know that Adam is back in the news claiming that he wants to buy back the now bankrupt business.
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The judge declared him a bankrupt after he failed to repay his loans.
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Meanwhile, the recently bankrupt Toys-R-Us is coming back, but with a different approach.
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Earlier in the year we purchased a bunch of claims against a bankrupt FTX.
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To qualify for a discharge, the bankrupt had to satisfy several conditions.
Academic text (2018) -
Second, the bankrupt had to have complied with all orders issued by the court. (72)
Academic text (2018) -
Upon obtaining a bankruptcy decree, the bankrupt could petition the district court for a discharge.
Academic text (2018) -
Thus, while the Act conferred substantial relief to bankrupts, the overwhelming majority of whom received a discharge, it proved to be of little benefit to creditors.
Academic text (2018) -
As previously mentioned, in order to obtain a discharge, the bankrupt had to surrender all of his or her nonexempt property existing on the bankruptcy-decree date. (82)
Academic text (2018) -
Recall that, upon the district court declaring a debtor to be a bankrupt, the bankrupt's property and property interests vested in the assignee, whom the 1841 Act tasked with liquidating the bankruptcy estate.
Academic text (2018)
Synonyms
A person who cannot pay their debts because they have too little money
Antonyms
Compounds
How Indebted
Surface Forms
Etymology
Bankrupt comes from old words bank 'bench' and rupt 'broken', from the old custom of breaking a money-table to show it had failed. So a bankrupt is a person or company that is 'without money' and cannot pay their debts.