Look up: Bankrupt

1. Bankrupt
   Someone is declared bankrupt when they have insufficient assets to cover their debts. A Corporation, Firm or individual who, via a court proceeding, is relieved from paying debts once assets have been surrendered to an appointed third party designated by the court.
   Found on http://www.mortgage-glossary.co.uk/gloss
   
   
2. bankrupt
   [adj] - financially ruined 2. [n] - someone who has insufficient assets to cover their debts 3. [v] - reduce to bankruptcy
   Found on http://www.webdictionary.co.uk/definitio
   
   
3. Bankrupt
   Someone against whom a bankruptcy order has been made and who has not been discharged from bankruptcy.
   Found on http://www.insolvencyhelpline.co.uk/info
   
   
4. Bankrupt
   When a person or company has its assets assigned to a court-appointed trustee who in turn redistributes the assets to the persons or companies [creditors].
   Found on http://www.ukifas.co.uk/glossary.shtml
   
   
5. Bankrupt
   Someone against whom a bankruptcy order has been made and who has not been discharged from bankruptcy.
   Found on http://insolvencyhelpline.co.uk/info-cen
   
   
6. Bankrupt
   A debtor that is judged legally insolvent. A person can become bankrupt upon voluntary petition or one invoked by their creditors. The debtor's remaining property is then administered for the creditors or is distributed among them.
   Found on http://www.hiebusiness.co.uk/bdotg/actio
   
   
7. Bankrupt
   A bankrupt is an individual against whom a bankruptcy order has been made by the court. The order shows that the bankrupt is unable to pay his/her debts and deprives him/her of property, which is then realised for distribution amongst the creditors of the bankrupt.
   Found on http://www.cranfieldbusinessrecovery.co.
   
   
8. Bankrupt
   A corporation, firm or individual is described as being 'bankrupt' when they are relieved from paying all debts once their assets have been surrendered to an appointed third party. Bankruptcy proceedings are managed via the court system, with the appointed third party designated by the court in charge of the proceedings, in accordance with the Inso…
   Found on http://www.loansconnection.co.uk/loanglo
   
   
9. bankrupt
   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 longer expected to pay their debts
   Found on http://www.aviva.com/index.asp?pageid=69
   
   
10. bankrupt
    the debtor in bankruptcy proceedings Category: Law • a person who to avoid payment of his debts secretes himself, flees the country, or defrauds or simply avoids his creditors and is in consequence legally a criminal. Category: Law
    Found on http://www.mijnwoordenboek.nl/definition
    
    
11. Bankrupt
    Insolvent - unable to pay creditors and having all goods/effects administered by a liquidator or trustee and sold for the benefit of those creditors; as a result of an order under the Insolvency Act 1986
    Found on http://www.hmcourts-service.gov.uk/infoa
    
    
12. Bankrupt
    Bank"rupt noun [ French banqueroute , from Italian bancarotta bankruptcy; banca bank (fr. Old High German banch , German bank , bench) + rotta broken, from Latin ruptus , past participle of rumpere to break. At Florence, it is said, the bankrupt had his bench ( i.e., money table) broken. See 1st Bank , and Rupture ,
    Found on http://www.encyclo.co.uk/webster/B/12
    
    
13. Bankrupt
    Bank"rupt adjective 1. Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant. 2. Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury. 3. Relating to bankrupts and bankruptcy. 4. Destitute of, or wholly wanting (something on …
    Found on http://www.encyclo.co.uk/webster/B/12
    
    
14. Bankrupt
    Bank"rupt transitive verb [ imperfect & past participle Bankrupted ; present participle & verbal noun Bankrupting .] To make bankrupt; to bring financial ruin upon; to impoverish.
    Found on http://www.encyclo.co.uk/webster/B/12
    
    
15. bankrupt
    belly-up(p) adjective financially ruined; `a bankrupt company`; `the company went belly-up`
    Found on http://wordnet.princeton.edu/perl/webwn?
    
    
16. bankrupt
    insolvent noun someone who has insufficient assets to cover their debts
    Found on http://wordnet.princeton.edu/perl/webwn?
    
    
17. bankrupt
    ruin verb reduce to bankruptcy; `My daughter`s fancy wedding is going to break me!`; `The slump in the financial markets smashed him`
    Found on http://wordnet.princeton.edu/perl/webwn?
    
    
18. Bankrupt
    • (a.) Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one`s debts; as, a bankrupt merchant. • (n.) A trader who becomes unable to pay his debts; an insolvent trader; popularly, any person who is unable to pay his debts; an insolvent person. • (n.) A trader who secretes himself, or ...
    Found on http://thinkexist.com/dictionary/meaning
    
    
19. bankrupt
    bankrupt Originally, a banker became bankrupt because his bench was broken when he lacked the necessary funds to continue with his money business as an early "banker".
    Found on http://www.wordinfo.info/words/index/inf
    
    
20. bankrupt
    bankrupt, bankrupted 1. In law: A debtor that, upon voluntary petition or one invoked by the debtor's creditors, is judged legally insolvent. The debtor's remaining property is then administered for the creditors or is distributed among them. 2. Any insolvent debtor; a person unable to satisfy any just claims made upon him or her. 3. A person who is totally la...
    Found on http://www.wordinfo.info/words/index/inf