Bankruptcy
From The Art and Popular Culture Encyclopedia
"For bankruptcy has become such an art that every day someone invents a new species, especially in the realm of governmental bankruptcies where France has just made an innovation: the doubledupe or amphidupe, which has provided the nation with a new means of despoiling itself."--Le Nouveau Monde industriel et sociétaire, ou Invention du procédé d’industrie attrayante et naturelle, distribuée en séries passionnées (1829) by Charles Fourier |
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A legally declared inability of an individual or organisation to pay their creditors.
Wiktionary
- In a condition of bankruptcy; unable to pay one's debts.
- a bankrupt merchant
- Having been legally declared insolvent.
- Destitute of, or wholly lacking (something once possessed, or something one should possess).
- a morally bankrupt politician
- Sheridan
- bankrupt in gratitude
See also
- The Hierarchy of Bankruptcy is a text by Charles Fourier
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