bankrupt
adjective
LAW, FINANCE uk/ˈbæŋkrʌpt/ usunable to pay what you owe, and having control of your financial matters given, by a court of law, to a person who sells your property to pay your debts:
be/go bankrupt He went bankrupt after only a year in business.
declare sb bankrupt She was officially declared bankrupt last week.
bankrupt
noun [ C ]
LAW, FINANCE uk/ˈbæŋkrʌpt/ usa person who is officially bankrupt:
He was declared a bankrupt in 2007.
See also
discharged bankrupt
undischarged bankrupt
bankrupt
verb [ T ]
LAW, FINANCE uk/ˈbæŋkrʌpt/ usto cause someone to become bankrupt:
They feared that the losses they had sustained in the hurricane would bankrupt them.