bankruptcy

bank·rupt  (bngkrpt, -rpt)

n.

1. Law A debtor that, upon voluntary petition or one invoked by the debtor's creditors, is judged legally insolvent. The debtor's remaining property is then administered for the creditors or is distributed among them.

2. A person who is totally lacking in a specified resource or quality: an intellectual bankrupt.

adj.

1.

a. Having been legally declared financially insolvent.

b. Financially ruined; impoverished.

2.

a. Depleted of valuable qualities or characteristics: a morally and ethically bankrupt politician.

b. Totally depleted; destitute: was bankrupt of new ideas.

c. Being in a ruined state: a bankrupt foreign policy.

tr.v. bank·rupt·ed, bank·rupt·ing, bank·rupts

1. To cause to become financially bankrupt.

2. To ruin: an administration that bankrupted its credibility by seeking to manipulate the news.

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[French banqueroute, from Italian banca rotta, broken counter (from the practice of breaking the counters of bankrupt bankers) : banca, moneychanger's table; see banco + rotta, past participle of rompere, to break (from Latin rumpere; see reup- in Indo-European roots).]

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bankrupt·cy (-rpt-s, -rp-s) n.

bank·ruptive adj.

Thesaurus

Noun	1.	bankruptcy - a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy" failure - lack of success; "he felt that his entire life had been a failure"; "that year there was a crop failure"
	2.	bankruptcy - inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks" failure insolvency - the lack of financial resources
	3.	bankruptcy - a legal process intended to insure equality among the creditors of a corporation declared to be insolvent legal proceeding, proceeding, proceedings - (law) the institution of a sequence of steps by which legal judgments are invoked law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"

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bankruptcy

noun insolvency, failure, crash, disaster, ruin, liquidation, indebtedness

Translations

bankruptcy [ˈbæŋkrʌptsɪ] n → quiebra, bancarrota

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bankruptcy [ˈbæŋkrʌptsɪ] bankrupt n → faillite f

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bankruptcy [ˈbæŋkrʌptsɪ] n (Comm), (fig); Bankrott m

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bankruptcy [ˈbæŋkrʌptsɪ] n → fallimento