The legal status of an individual or a company when they can't pay debts.

1550s, from bankrupt (adj.). Related: Bankrupted; bankrupting.

1560s, from Italian banca rotta, literally "a broken bench," from banca "moneylender's shop," literally "bench" (see bank (n.1)) + rotta "broken, defeated, inte [..]

/ˈbæŋkˌrʌpt/ adjective 1 bankrupt /ˈbæŋkˌrʌpt/ adjective Learner's definition of BANKRUPT 1  : unable to pay debts a bankrupt company The lawsuit could leave them bankrupt. The company went b [..]

unable to pay debts.

to cause a person or organization to lose their money or other funding and resources.

financially ruined; "a bankrupt company"; "the company went belly-up" reduce to bankruptcy; "My daughter's fancy wedding is [..]

unable to pay the debts, one who fails in business

Definition A person, firm, or corporation that has been declared insolvent through a court proceeding and is relieved from the payment of all debts after the surrender of all assets to a court-appoint [..]

Denotes partial collapse in business, and weakening of the brain faculties. A warning to leave speculations alone.   

a debtor (as an individual or organization) whose property is subject to administration under the bankruptcy laws for the benefit of the debtor's creditors [was adjudicated a ] — see also ...

The state of an entity that is unable to repay its debts as they become due.

A bankrupt person, firm, or corporation has insufficient assets to cover their debts. The debtor seeks relief through a court proceeding to work out a payment schedule or erase debts. In some cases, t [..]

A person or company that is judged legally insolvent. A person can become bankrupt upon voluntary petition or one invoked his/her creditors.

a condition of not having enough money to pay off debts.

A person, firm, or corporation that, through a court proceeding, is relieved from the payment of all debts after the surrender of all assets to a court-appointed trustee. Bankruptcy

An individual is bankrupt when they cannot pay their debts and aren't able to reach an agreement with their creditors.

Bankrupt is the state of being financially insolvent. In the legal sense, an individual or business must be declared bankrupt by a court proceeding.  

Bankrupt refers to a person who is indebted beyond means of payment or who cannot meet current financial obligations. In short, an insolvent person. The term bankrupt was used in most of the bankruptc [..]

(n) someone who has insufficient assets to cover their debts(v) reduce to bankruptcy(adj) financially ruined

decoctor

Money-lenders in Italy used to display the money they had to lend out on a banco or bench. When one of these money-lenders was unable to continue business, his bench or counter was broken up, and he h [..]

Legal status of a person/corporation who/which is unable to pay its debts as they become due and who/which has made a transfer of property or of a right or interest in property to a trustee for the be [..]

If an individual or unincorporated company has greater liabilities than it has assets, the person or business can petition for, or be declared by its creditors, bankrupt.

adj/adv. en bancarrota, en quiebra, insolvente

v. declararse en quiebra, quebrar

A person or institution that no longer has the funds to cover their debts and has to seek financial assistance.

The quality of a person, corporation or other legal entity who, being unable to meet his or her financial obligations, must relinquish his or her property to a receiver or trustee for administration a [..]

A condition where a person or company that cannot meet their financial commitments are declared insolvent by a court. After surrendering all their assets to a court-appointed trustee, they are no long [..]

A bankrupt person, firm, or corporation has insufficient assets to cover their debts. The debtor seeks relief through a court proceeding to work out a payment schedule or erase debts. In some cases, the debtor must surrender control of all assets to a court-appointed trustee.

The condition of an Entity that: Files a petition or otherwise commences a proceeding under any bankruptcy, insolvency, reorganization or similar law, or has any such petition filed or commenced against it; Makes an assignment or any general arrangement for the benefit of creditors; Has a liquidator, administrator, receiver, trustee, conservator, o [..]

A bankrupt is an individual against whom the Court has made a Bankruptcy order. The order signifies that the individual is unable to pay their debts and deprives them of their property (in favour of a [..]

A bankrupt is an individual against whom a bankruptcy order has been made by the court and who has not been discharged from bankruptcy.

An individual against whom a bankruptcy order has been made by the court. The order signifies that the individual is unable to pay his/her debts and deprives him/her of his/her property, which is then [..]

An individual against whom a bankruptcy order has been made. Bankruptcy

A financially depleted person, ie. a person: against whose estate a sequestration (seizure) order has been made, or who has become bankrupt by virtue of the presentation of a debtor's petition.

The legal status of an individual or company which is unable to pay its creditors and whose assets are therefore administered for its creditors by a trustee in bankruptcy. Basis Point

A person, firm, or corporation that is financially unable to pay debts when due. The debtor seeks relief through a court proceeding to work out a payment schedule or erase debts. In some cases, the debtor must surrender control of all assets to a court-appointed trustee.

A person who, through a court proceeding, is relieved from the payment of all his debts after surrender of all his assets to a court appointed trustee.

This amounts to insolvency i.e. Being unable to pay your creditors.