Bankrupt

Bankrupt,

Bankrupt Meanings:

  • When a person fails to settle with his creditors, he goes bankrupt.

  • Bankrupt means: A bankrupt person, business or company does not have enough assets to pay off its debts. The debtor seeks compensation through legal action to schedule repayments or settle debts. In some cases, the lender will have to hand over control of all assets to a court-appointed administrator.

Meanings of Bankrupt

  1. (A person or organization) is legally unable to pay its debts.

  2. Absolutely no standard or value.

  3. A person who has been declared bankrupt by a court and whose assets have been sold in the interest of the lenders.

  4. Bankruptcy (a person or organization)

Sentences of Bankrupt

  1. Her father went bankrupt and her family had to sell their house

  2. Your goal is morally bankrupt

  3. However, we will provide more effective protection against a small minority of bankruptcy managers who abuse creditors and the public.

  4. The strike almost bankrupted the union

Synonyms of Bankrupt

deprived of, empty of, break, impoverish, completely lacking in, bring to ruin, reduce to destitution, wipe out, cause to go bankrupt, cripple, bankrupted, destitute of, vacant of, make insolvent, denuded of, insolvent, without, reduce to penury, bring someone to their knees, bereft of, make bankrupt

Bankrupt,

What is The Definition of Bankrupt?

  • Meaning of Bankrupt: A person goes bankrupt when he fails to pay his debts and cannot settle with his creditors.

  • A bankrupt person, business or company does not have enough debt to pay off its debts. Debtors seek redress through court proceedings to plan repayments or cancel loans. In some cases, the debtor must hand over control of all his debts to a court-appointed trustee.

Meanings of Bankrupt

  1. (Person or organization) that has been legally declared bankrupt.

  2. Lack of excellent quality.

  3. A person who has been declared bankrupt by a court and his assets are confiscated and sold for the benefit of his creditors.

Sentences of Bankrupt

  1. Your father went bankrupt and your family had to sell their house.

Synonyms of Bankrupt

beggar, flat broke, stony broke, pauper, in debt, in the red, on the rocks, wiped out, devoid of, in need of, failed, sans, skint, broke, reduce to penury/destitution, gone under, bust, exhausted of, in Carey Street, debtor, minus

Bankrupt,

Bankrupt means,

  • A person is called bankrupt if he cannot pay his debts and if he cannot settle with his creditors.

  • Bankrupt individuals, businesses or corporations do not have enough money to pay off their debts. The debtor seeks remedial action through a court of law to plan a repayment or cancel the loan. In some cases, the debtor must hand over control of all debts to a court-appointed trustee.

Meanings of Bankrupt

  1. Bankruptcy (of a person or organization).

Synonyms of Bankrupt

smashed, wanting, in receivership, depleted of, in Queer Street, bare of, pauperize, gone to the wall, bankrupt person, belly up, in arrears, ruined, in administration, cleaned out, owing money