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.
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.
verb (used with object)
to make bankrupt: His embezzlement bankrupted the company.
Origin of bankrupt
1525–35; <Medieval Latin banca rupta bank broken; replacing adaptations of Italian banca rota and French banqueroute in same sense
While serving on the bench for more than 25 years, Fitzgerald oversaw multibillion-dollar coverage disputes waged between bankrupt companies and their insurers.
Got interruption insurance? These companies found it’s useless in the age of COVID-19|Bernhard Warner|September 12, 2020|Fortune
SoftBank-backed OneWeb got hundreds of satellites in orbit but went bankrupt earlier this year and was bought by a group led by the British government.
You know, if you’ve got a parking lot and you go bankrupt — well, the parking lot gets transferred to your creditors and they’ll develop the parking lot.
Will a Covid-19 Vaccine Change the Future of Medical Research? (Ep. 430)|Stephen J. Dubner|August 27, 2020|Freakonomics
It allows you, if you’re confronted with a medical issue and your insurance is not up to par, it allows you to be able to deal with that health issue without the risk of going bankrupt.
Should America (and FIFA) Pay Reparations? (Ep. 426)|Stephen J. Dubner|July 16, 2020|Freakonomics
The company shifted its focus away from South America toward the United States, plunging cash instead in Texas-based projects like Oncor Electric Delivery, the state’s once bankrupt and largest transmission and distribution electric utility.
Environment Report: The Latest Power Struggles for SDG&E and Sempra|MacKenzie Elmer|June 29, 2020|Voice of San Diego
It was that we have serious fiscal problems that are going to bankrupt cities and towns—literally—and hurt a lot of people.
Meet Gina Raimondo, the Only Democratic Star of 2014|David Freedlander|November 6, 2014|DAILY BEAST
When it comes to shooting locations, the bankrupt cities of America have a lot to offer filmmakers.
Can Hollywood Rejuvenate Detroit and America’s Bankrupt Cities?|David Levesley|May 15, 2014|DAILY BEAST
Ironically, the revered but bankrupt Douglas would now be the least successful were he not dead.
A Country House of Fools: Norman Rush’s ‘Subtle Bodies’|Tom LeClair|September 10, 2013|DAILY BEAST
Detroit may be bankrupt, but the Big Three automakers based there had a fantastic month.
Consumers Push July U.S. Auto Sales Up Sharply|Filipa Ioannou|August 1, 2013|DAILY BEAST
The bankrupt ones are outlined in red, while the tottering ones have orange outlines.