bankruptbank‧rupt1 /ˈbæŋkrʌpt/ ●●○ adjective 🔊 🔊 1FAILMONEYwithout enough money to pay what you owe syn insolvent 🔊 The firm went bankrupt before the building work was completed. 🔊 In 1977 he was declared bankrupt (=by a court). 🔊 Mr Trent lost his house when he was made bankrupt. 🔊 Seventeen years of war left the country bankrupt. 🔊 a bankrupt electrical company2NOT HAVEcompletely lacking a particular good quality 🔊 The opposition attacked the government as morally bankrupt.THESAURUSbankrupt without any money and unable to pay your debts – used about a person or business that has to officially admit this and stoptrading permanentlyMany small businesses will go bankrupt unless interest rates fall.He was declared bankrupt in the High Court yesterday.be in financial difficulties to have difficulty paying your bills and debts, often so that you are in danger of becoming bankrupt – used about people and businessesThe firm has been in financial difficulties for some time.He was in financial difficulties and knew that he would have to sell his home.go bust/go under informal to become bankrupt and have to stop operating – used about a businessThe supermarket isn’t there anymore – it went bust ages ago.During the last recession, dozens of businesses were going under every day.insolvent formal bankrupt – used about people and businessesThe bank was declared insolvent. Directors of insolvent companies often ignore demands for payment.Individuals becoming insolvent also jumped 9% to 9,470 in the third quarter.
bankruptbankrupt2 verb [transitive] 🔊 🔊 BMONEYto make a person, business, or country bankrupt or very poor syn ruin 🔊 Johns had been nearly bankrupted through a failed business venture.→ See Verb table
Examples from the Corpus
bankrupt• Twice he was bankrupted, and he was never successful.• Johnny Haynes's £100 a week neither bankrupted Fulham nor killed the game.• There are fears the new law could bankrupt some small businesses.• He realized that it would bankrupt the company if he continued the expansion.• There are already 80 casinooperations and owners fear the star's Vegas-style resort will bankrupt them by luring away gamblers.• After the 1982 recession virtually bankrupted them, many states adopted the practice.• But cost-containment programs will force people to grapple with it, because healthcare is bankrupting us.• What are they trying to do, bankrupt us?
bankruptbankrupt3 noun [countable] 🔊 🔊 BMONEYsomeone who has officially said that they cannot pay their debtscertified/uncertified bankrupt British English (=one a court does or does not allow to start a business again)