What's the difference between bankrupt and broke?

Bankrupt


Definition:

  • (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.

Broke


Definition:

  • () of Break
  • (v. i.) To transact business for another.
  • (v. i.) To act as procurer in love matters; to pimp.
  • () imp. & p. p. of Break.

Example Sentences:

  • (1) They broke in with a battering ram: an armoured vehicle known as a Bearcat.
  • (2) Cameron famously broke with the past, and highlighted his green credentials, by posing with huskies on a visit to Svalbard in the Norwegian Arctic in 2006.
  • (3) When war broke out, the nine-year-old Arden was sent away to board at a school near York and then on Sedbergh School in Cumbria.
  • (4) After friends heard that he was on them, Brumfield started observing something strange: “If we had people over to the Super Bowl or a holiday season party, I’d notice that my medicines would come up short, no matter how good friends they were.” Twice people broke into his house to get to the drugs.
  • (5) The 20-year-old now holds two world records after he broke the 50m best at the European Championships in Berlin during a 2014 season which saw him burst on to the international stage.
  • (6) Michele Hanson 'The heat finally broke – I realised something had to change …' Stuart Heritage (right) with his brother in 2003.
  • (7) Mark Latham's insights, insults and feuds are why he's worth reading | Gay Alcorn Read more BuzzFeed political editor Mark Di Stefano, the reporter who broke the story linking Latham to the less-than-savoury @RealMarkLatham Twitter account , had been chasing Stutchbury for days.
  • (8) This week, Umande broke ground on the first of a series of toilet block biocentres in a slum in Kisumu, near Lake Victoria.
  • (9) But in a setback to the UK, Somaliland, which broke away from Somalia in 1991, refused British entreaties to attend on the grounds that it would not have been treated as equal to the Somali government.
  • (10) The two of them broke up with their partners and in 1974 they married.
  • (11) From the stress-strain curve the following values were selected: strain, stress, and slope at 80 mmHg equivalent pressure (1 mmHg = 133.3 Pa); maximum stress, strain, and slope; and breaking stress, strain, and slope if the sample broke.
  • (12) While they're raking in the money, he is broke and out of work.'
  • (13) When last week’s scandal broke, Tesco chair Sir Richard Broadbent airily opined: “Things are always unnoticed until they are noticed.” He forgot to mention that that goes double if people are paid to turn a blind eye.
  • (14) Hazard, nominated for the Ballon d’Or earlier in the day, broke away from his industrious defensive running to curl a shot on to the base of the far post early on while Willian struck the crossbar with a free-kick just after the interval.
  • (15) When war broke out he was there again, scribbling anti-British propaganda for Coughlin's journal.
  • (16) Gowher Rizvi, chief representative of the prime minister, Sheik Hasina, told the Guardian that preparations for the forthcoming elections, were "completely on track" and that the tribunal, probing crimes committed during the 1971 war in which Bangladesh broke away from Pakistan, was about bringing justice previously denied by "the twists and turns" of the country's history.
  • (17) The airline had secured its injunction on the admittedly flimsy grounds that Unite broke strict rules over reporting ballot results.
  • (18) He couldn't quite get his body shape right as the ball broke to him.
  • (19) "We broke the trend, thankfully, and held the seat," he admits.
  • (20) When the news about the attack in Woolwich broke, by pure coincidence Ross Caputi was crashing on my sofa.