Bankrupted
/ˈbæŋkrʌptɪd/
Definitions
- (adj.) Describes a party that has been declared insolvent by a court due to inability to pay debts.
The bankrupted company was forced to liquidate its assets.
- (v.) Past tense of bankrupt, meaning to cause a party to become insolvent under the law.
The creditor bankrupted the debtor after the trial.
Forms
- bankrupt
- bankrupting
- bankrupts
Related terms
See also
Commentary
As a past participle and adjective, 'bankrupted' relates directly to insolvency status; use the base form 'bankrupt' for definitions and detailed usage.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.