Pronunciation: /ˈbæŋkrəpt/
verb to declare (a person or organization) as unable to pay outstanding debts
A1 The company went bankrupt and had to close down.
A2 After years of poor financial management, the business eventually went bankrupt.
B1 The family business was on the verge of bankruptcy before they managed to turn things around.
B2 The CEO's risky investments ultimately bankrupted the company.
C1 The fraudulent activities of the executives led to the company being declared bankrupt.
C2 The reckless spending habits of the board members bankrupted the once-thriving organization.
adjective having been declared in law unable to pay outstanding debts
A1 The company went bankrupt and had to close down.
A2 After losing all his money in the stock market, he was declared bankrupt.
B1 The bankrupt business was unable to pay its creditors.
B2 The once successful entrepreneur found himself bankrupt due to poor financial decisions.
C1 The company's bankruptcy was a result of mismanagement and corruption.
C2 Despite being bankrupt, the CEO managed to turn the company around and make it profitable again.
formal The company declared bankruptcy after years of financial struggle.
informal I heard that they went bankrupt and had to close down the business.
slang They were so broke, they ended up going bust.
figurative His reckless behavior left him morally bankrupt.
bankrupted
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