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nounsomeone who has insufficient assets to cover their debts
Similar:
type of: -
"a bankrupt company"adjectivefinancially ruined
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verbreduce to bankruptcytype of:
Definition that contains bankrupt
- break reduce to bankruptcy
- ruin reduce to bankruptcy
- fail become bankrupt or insolvent; fail financially and close
- smash reduce to bankruptcy
- bankrupt reduce to bankruptcy
- realization a sale in order to obtain money (as a sale of stock or a sale of the estate of a bankrupt person) or the money so obtained
- realisation a sale in order to obtain money (as a sale of stock or a sale of the estate of a bankrupt person) or the money so obtained
- receiver-creditor relation the responsibility of receiver or trustee in bankruptcy to act in the best interests of the creditor
- fire sale a sale of assets at very low prices typically when the seller faces bankruptcy