Bankrupt (Noun)
Meaning
Someone who has insufficient assets to cover their debts.
Classification
Nouns denoting people.
Examples
- The company was declared bankrupt after failing to pay its creditors for several months.
- He was a bankrupt businessman who had lost everything in a series of poor investments.
- The court ruled that the individual was bankrupt and ordered him to liquidate his remaining assets.
- After years of struggling to make ends meet, the family was finally declared bankrupt.
- The once successful entrepreneur was now a bankrupt, forced to rely on friends and family for financial support.