Bankrupt

usgb/ˈbæŋkrʌpt/
adjective

Having absolutely no money or assets, unable to pay debts.

After a series of bad investments, he was completely bankrupt.
Visual representation of "bankrupt" - Having absolutely no money or assets, unable to pay debts.

Often appears as...

  • declare bankrupt
  • go bankrupt
Definition 1 of 4
Visual representation of "bankrupt"
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Severity of Debt

Bankrupt often suggests financial ruin, not just temporary money issues.

Illustration for Severity of Debt
The company was bankrupt, unable to continue its operations.
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Legal Process

Being bankrupt may involve a legal process to recognize the inability to repay debts.

Illustration for Legal Process
She had to attend court after declaring herself bankrupt.
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Business Context

'Go bankrupt' often refers to businesses failing, not just individuals.

Illustration for Business Context
If sales don't improve, our shop might go bankrupt.
Visual representation of the word "Bankrupt"

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