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bankrupt

[bangk-ruhpt, -ruhpt]

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noun

Law. a person who upon his or her own petition or that of his or her creditors is adjudged insolvent by a court and whose property is administered for and divided among his or her creditors under a bankruptcy law.

any insolvent debtor; a person unable to satisfy any just claims made upon him or her.

a person who is lacking in a particular thing or quality: a moral bankrupt.

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adjective

Law. subject to or under legal process because of insolvency; insolvent.

at the end of one's resources; lacking (usually followed by of or in): bankrupt of compassion; bankrupt in good manners.

pertaining to bankrupts or bankruptcy.

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Bankrupt is always a great word to know.

So is plea. Does it mean:

an allegation made by a party to a legal suit, in support of his or her claim or defense; a defendant's answer to a legal declaration or charge

a judicial process or order requiring the person or persons to whom it is directed to do a particular act or to refrain from doing a particular act

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verb (used with object)

to make bankrupt: His embezzlement bankrupted the company.

Origin:
1525–35; < Medieval Latin banca rupta bank broken; replacing adaptations of Italian banca rota and French banqueroute in same sense

Related forms

pseu·do·bank·rupt, adjective

qua·si-bank·rupt, adjective

Synonyms
4. destitute, impoverished.

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Link To bankrupt

Example Sentences

The city is seeking a new operator for the bankrupt restaurant.

Now he can make an entire city into a theme park, then go bankrupt investing in.

Everywhere good businesses are going bankrupt and jobs are being destroyed.

EXPAND

The city is seeking a new operator for the bankrupt restaurant.

Now he can make an entire city into a theme park, then go bankrupt investing in.

Everywhere good businesses are going bankrupt and jobs are being destroyed.

The choice boiled down to going bankrupt or putting the equipment to work.

Efforts to integrate storage into electric grids continue to struggle as a federally backed flywheel company goes bankrupt.

Napster eventually shut down and went bankrupt before it emerged as a legitimate, online music service.

The didn't wait for health care costs to bankrupt the government before tackling health care reform.

When a player gets into debt and can't persuade anybody else to lend to him, he goes bankrupt.

The world financial community went bankrupt through bad policy.

The company went bankrupt and recently put the ship up for sale.

Greyhound may be a great name, but it went bankrupt once in the past decade and could have gone bankrupt twice.

Consider the man went bankrupt and lost his family trying to fix salinity and other environmental issues on his farm.

The production never really starts, the company soonwent bankrupt.

But the fact is that the government cannot be repaid by a bankrupt firm.

Many utilities had to go bankrupt or go through painful reorganization.

Now if you play out the suits at the value they're claimed, it would bankrupt these companies.

Their holdings can go to zero, but they can't go bankrupt.

Oil is the enemy when they can as a war bankrupt us.

Farmers weren't getting a profitable return and got out of the market, switched crops or went bankrupt.

It is now bankrupt and its top executives are in jail.

Unless he is hoping to get subsidies from a bankrupt government staggering toward economic collapse.

They spark a huge amount of investment that can make things easier for the next generation, even as they bankrupt the current one.

Dire threats of bankrupt stores and topless consumers soon followed.

Nuclear will bankrupt industries with ever increasing pricing.

Earth will be bankrupt and no longer a viable commercial concern.

No, the morally bankrupt will be tempted no matter what their wealth.

It'd be morally bankrupt for us to rely on it as a solution.

Now plastic sheeting shrouds a bankrupt developer's half-built luxury flats.

It looks as though the only solution is to le them go bankrupt.

Every week he sees newcomers, mostly unemployed or bankrupt company owners arriving in the hope of finding gold.

The time-value of nuclear energy is simply bankrupt from the start.

And if they do not, they go bankrupt without any loss to the state.

And despite your claims, scientists don't have a corner on the morally bankrupt market.

Farmers grumble that their margins are so low that a bad year can bankrupt them.

Sounds similar to logical positivism to me--a philosophically bankrupt perspective that died out decades ago.

Now he is bankrupt and loveless, with only his delusions to keep him going.

It is bankrupt and is ready for the ash heap of history.

The ambition of a volatile minority can only bankrupt the rest of us.

No need to bankrupt the government, and ruin our economy to do it.

Some major nonfinancial companies will likely go bankrupt as well.

The system is bankrupt of ability when it comes to educating and dealing with children.

SunRun sets up an escrow account to pay for continued maintenance in the case the company ever goes bankrupt.

COLLAPSE

Collins

World English Dictionary

bankrupt (ˈbæŋkrʌpt, -rəpt)

—n
1.	a person adjudged insolvent by a court, his or her property being transferred to a trustee and administered for the benefit of his creditors
2.	any person unable to discharge all his or her debts
3.	a person whose resources in a certain field are exhausted or nonexistent: a spiritual bankrupt

—*adj*
4.	adjudged insolvent
5.	financially ruined
6.	depleted in resources or having completely failed: spiritually bankrupt
7.	(Brit) (foll by of) lacking: bankrupt of intelligence

—vb
8.	(tr) to make bankrupt

[C16: from Old French banqueroute, from Old Italian bancarotta, from bancabank¹ + rotta broken, from Latin ruptus, from rumpere to break]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source

Etymonline

Word Origin & History

bankrupt

1530s, from It. banca rotta, lit. "a broken bench," from banca "moneylender's shop," lit. "bench" (see bank (1)) + rotta "broken, defeated, interrupted" from (and remodeled on) L. rupta, fem. pp. of rumpere "to break" (see rupture). "[S]o called

EXPAND

from the habit of breaking the bench of bankrupts" [Klein]. The verb is first recorded 1550s.

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