Bankruptcy  

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  1. In a condition of bankruptcy; unable to pay one's debts.
    a bankrupt merchant
  2. Having been legally declared insolvent.
  3. Destitute of, or wholly lacking (something once possessed, or something one should possess).
    a morally bankrupt politician
    • Sheridan
      bankrupt in gratitude

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Kunstformen der Natur (1904) by Ernst Haeckel
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Kunstformen der Natur (1904) by Ernst Haeckel

A legally declared inability of an individual or organisation to pay their creditors.

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Unless indicated otherwise, the text in this article is either based on Wikipedia article "Bankruptcy" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on original research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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