(n.) A trader who secretes himself, or does certain other acts tending to defraud his creditors.
(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 person who, in accordance with the terms of a law relating to bankruptcy, has been judicially declared to be unable to meet his liabilities.
(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.
(a.) Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury.
(a.) Relating to bankrupts and bankruptcy.
(a.) Destitute of, or wholly wanting (something once possessed, or something one should possess).
(v. t.) To make bankrupt; to bring financial ruin upon; to impoverish.
Example Sentences:
(1) And this has opened up a loophole for businesses to be morally bankrupt, ignoring the obligations to its workforce because no legal conduct has been established.” Whatever the outcome of the pending lawsuits, it’s unlikely that just one model will work for everybody.
(2) Aitken was subsequently declared bankrupt and went to prison.
(3) Green sold BHS for £1 a year ago to a little-known group of investors led by former bankrupt Dominic Chappell .
(4) The Greens controlled BHS for 15 years until they sold it to Dominic Chappell, a three-time bankrupt, for £1 in March 2015.
(5) The economist has managed to persuade fellow EU leaders to release a long-overdue €8bn (£6.8bn) tranche of aid – a lifeline without which the country would have gone bankrupt – but still faces the huge challenges of negotiating a new bailout agreement with international lenders, passing the budget with a majority vote and concluding a debt reduction deal, outlined in the latest €130bn rescue programme for the nation, in the coming weeks.
(6) Green sold BHS for £1 in March 2015 to Dominic Chappell, who has gone bankrupt three times.
(7) This position is both morally bankrupt and hypocritical.
(8) Dominic Chappell, the man who led the buyout, has been declared bankrupt twice.
(9) "I can't imagine how many Chinese factories will go bankrupt, how many Chinese workers would lose their jobs [in the event that China revalued]," he warned.
(10) The challenge facing Europe today goes far wider and deeper than how to handle a small bankrupt country holding only 2% of the EU’s population.
(11) The most famous is Borough Market (the pioneer but has the tendency to bankrupt) but Maltby Street (weekends only) in Bermondsey and Lower Marsh Street (weekdays) in Waterloo are worth a detour.
(12) Staff succeeded despite some seemingly impossible contradictions: John Cardinal O'Connor of the Archdiocese of New York, who has been opposed to the life-styles of most of the people who would use the unit (gays and IV abusers) urged the creation of the unit; St. Clare's had been bankrupt and virtually dismantled just a few years earlier; and the hospital did not have the financial resources, facilities, or AIDS patient caseload of the larger, well-known New York medical institutions.
(13) If you are made bankrupt it is possible to get the bankruptcy order annulled if you can get your creditors to agree to what is called a fast track IVA.
(14) May responded with her well-worn line about Labour borrowing plans that would bankrupt Britain.
(15) The confidence vote was but one step in a long and arduous journey to putting near-bankrupt Greece back on its feet – financially, politically and increasingly socially – barely a year after it secured €110bn (£97bn) in emergency aid, the biggest bailout in western history.
(16) The financial crisis in 2008, the world property crash and Anglo Irish Bank's collapse led to him being bankrupted.
(17) It might be really sordid and bad sexual etiquette, but whatever else it is, it is not rape or you bankrupt the term rape of all meaning."
(18) Aides close to Tsipras insisted that Athens had little desire to “seek enemies abroad” but the leftist leader had a duty to disclose the details of last month’s dramatic negotiations with creditors to keep the bankrupt country afloat.
(19) On Friday in St Petersburg, Florida, the legendary pro-wrestler, whose real name is Terry Bollea, delivered a $115m legal hit on the iconoclastic web publisher, a victory that signals a significant change in the public’s tolerance for media invasions of privacy – and that could bankrupt the site.
(20) Not in the bankrupting part, but they were right that this was a massive corporate giveaway, and they were right that it wasn't going to bring us anywhere near what scientists were saying we needed to do lower emissions.
Bankruptcy
Definition:
(n.) The state of being actually or legally bankrupt.
(n.) The act or process of becoming a bankrupt.
(n.) Complete loss; -- followed by of.
Example Sentences:
(1) Ukraine has said it needs $35 billion over the next two years to stave off bankruptcy.
(2) Banking group HBOS was not driven to point of bankruptcy by the global financial meltdown, but by its own strategy of high-risk lending, over-ambitious growth targets and poor controls, according to a hard-hitting report by the parliamentary commission on banking standards.
(3) To be sure, it may not be possible to establish a full international bankruptcy code; but a consensus could be reached on many issues.
(4) He is totally comfortable around Wall Street and bankers.” Trump’s effort to characterize himself as without obligation to the financial sector despite his long record of loans and debt restructuring during episodic turbulence in his business career, including the bankruptcy of Trump Hotels & Casino Resorts in 2004, is likely to raise eyebrows.
(5) We know that in England there are trusts that are on the verge of bankruptcy and 4,500 nurses have been made redundant .
(6) But even if Greece is snatched from the brink of bankruptcy and kept in the euro in the coming days, the cause of promoting solidarity between eurozone nations has been long forgotten.
(7) In conclusion, there is a reasonable chance that retirement plan assets in Delaware qualified plans are insulated from judgment creditors, but the best course is to maintain adequate insurance protection and follow an aggressive prejudgment strategy in serious cases so you don't have to resolve the issue in a bankruptcy proceeding.
(8) The crime problems were enormous, riots tore apart many American cities – and the downside of fiscal decentralisation was that, in the 70s, you had cities like New York on the edge of bankruptcy .
(9) Using standard ratio tests, most clubs border on bankruptcy.
(10) Picard has filed a complaint in the US bankruptcy court against Cohmad Securities Corporation and a number of its principals, seeking to recover well over $100m allegedly paid to Cohmad in exchange for introducing clients to Madoff's firm.
(11) But sometimes a smile is not enough.” As the latest proposed deal to avoid Greece’s bankruptcy threatens to unravel , a row is raging on Rhodes and several other Greek islands over fears that they are being unfairly targeted.
(12) For Mokoena, qualification for the second round would cap an extraordinary season that has encompassed bankruptcy and relegation at Fratton Park, a losing FA Cup final and now captaining his country at the first African World Cup.
(13) It is high time that we applied the same principles to countries and introduced a sovereign bankruptcy law.
(14) The bank filed for Chapter 11 bankruptcy, which provides protection from creditors while it liquidates its business.
(15) If other unions follow suit in protest at Miliband's reforms, the party could face bankruptcy.
(16) Instead, they enact bankruptcy laws to provide the ground rules for creditor-debtor bargaining, thereby promoting efficiency and fairness.
(17) The International Monetary Fund has signed off on a $17.5bn (£11.8bn) four-year aid programme for Ukraine , the second attempt in less than a year to help the country avoid bankruptcy.
(18) People who never dreamed that one day they would not be able to pay their electricity bill, or feed their children properly.” As it has scrabbled for every last cent to satisfy its creditors and ward off bankruptcy, Greece’s government has taken cash wherever it could – local authorities, healthcare, pensions, social services have all been tapped.
(19) Days before it collapsed into bankruptcy protection a month ago Lehman Brothers revealed $6.12bn of staff pay plans in its corporate filings.
(20) Bankruptcy could potentially leave thousands of residents – many of them elderly and vulnerable – with nowhere to live, or forced into a disruptive move to alternative accommodation.