Bankrupt Meaning

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bankrupt Definition Synonyms from Answers

bankrupt n. Law . A debtor that, upon voluntary petition or one invoked by the debtor's creditors, is judged legally insolvent

Bankruptcy

Bankruptcy is a legal status of a person or organization that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court

Bankruptcy Define Bankruptcy at Dictionary

noun, plural bank·rupt·cies. 1. the state of being or becoming bankrupt . 2. utter ruin, failure, depletion, or the like. Origin: 1690–1700; bankrupt + -cy

bankrupt definition of bankrupt by the Free Online Dictionary

bank·rupt (b ngk r pt, -r pt) n. 1. Law A debtor that, upon voluntary petition or one invoked by the debtor's creditors, is judged legally insolvent.

Bankrupt Definition More from the Free Merriam-Webster

Definition of BANKRUPT. 1. a: a person who has done any of the acts that by law entitle creditors to have his or her estate administered for their benefit

Bankrupt Define Bankrupt at Dictionary

noun 1. 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

Bankruptcy Definition Investopedia

Definition of 'Bankruptcy' A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition