Bankrupts
/ˈbæŋkrʌpts/
Definitions
- (n.) Plural of bankrupt, referring to persons or entities legally declared unable to pay their debts.
The court appointed trustees to manage the estates of the bankrupts.
- (v.) Third-person singular present tense of bankrupt, meaning to cause to become insolvent.
The failed investments bankrupts many small businesses.
Forms
- bankrupt
- bankruptcy
Related terms
See also
Commentary
'Bankrupts' is primarily used as the plural form of 'bankrupt' (noun) and as the third-person singular present tense form of 'bankrupt' (verb); substantive definitions appear under the base term 'bankrupt.'
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.