Bankrupted: meaning, definitions and examples

๐Ÿ’ธ
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bankrupted

 

[ หˆbรฆล‹krสŒptษชd ]

Verb
Context #1 | Verb

financial situation

To be bankrupted means to be declared unable to pay oneโ€™s debts. This can occur after a court judgment or through other legal declarations. It often results in the liquidation of assets to pay creditors.

Synonyms

financially broken, insolvent, ruined

Examples of usage

  • The company was bankrupted after years of poor sales.
  • He was bankrupted following the economic crisis.
  • Her medical expenses bankrupted the family.
  • Many businesses were bankrupted due to the pandemic.

Translations

Translations of the word "bankrupted" in other languages:

๐Ÿ‡ต๐Ÿ‡น falido

๐Ÿ‡ฎ๐Ÿ‡ณ เคฆเคฟเคตเคพเคฒเคฟเคฏเคพ

๐Ÿ‡ฉ๐Ÿ‡ช bankrott

๐Ÿ‡ฎ๐Ÿ‡ฉ bangkrut

๐Ÿ‡บ๐Ÿ‡ฆ ะฑะฐะฝะบั€ัƒั‚

๐Ÿ‡ต๐Ÿ‡ฑ bankrut

๐Ÿ‡ฏ๐Ÿ‡ต ็ ด็”ฃใ—ใŸ

๐Ÿ‡ซ๐Ÿ‡ท failli

๐Ÿ‡ช๐Ÿ‡ธ quebrado

๐Ÿ‡น๐Ÿ‡ท iflas eden

๐Ÿ‡ฐ๐Ÿ‡ท ํŒŒ์‚ฐํ•œ

๐Ÿ‡ธ๐Ÿ‡ฆ ู…ูู„ุณ

๐Ÿ‡จ๐Ÿ‡ฟ bankrotovanรฝ

๐Ÿ‡ธ๐Ÿ‡ฐ skrachovanรฝ

๐Ÿ‡จ๐Ÿ‡ณ ็ ดไบง็š„

๐Ÿ‡ธ๐Ÿ‡ฎ bankrotiran

๐Ÿ‡ฎ๐Ÿ‡ธ gjaldรพrota

๐Ÿ‡ฐ๐Ÿ‡ฟ ะฑะฐะฝะบั€ะพั‚า›ะฐ าฑัˆั‹ั€ะฐา“ะฐะฝ

๐Ÿ‡ฌ๐Ÿ‡ช แƒ‘แƒแƒœแƒ™แƒ แƒแƒขแƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ iflas etmiลŸ

๐Ÿ‡ฒ๐Ÿ‡ฝ quebrado

Etymology

The verb 'to bankrupt' originates from the Italian phrase 'banca rotta,' which means 'broken bench.' In medieval Italy, moneychangers would conduct their business on benches in marketplaces; if they defaulted on loans, their benches would be broken as a sign of their financial failure. This term was adopted into Middle English during the 16th century. The legal concept of bankruptcy evolved over centuries, becoming formalized in laws that allow individuals or companies to restructure their debts or liquidate assets. In modern context, bankruptcy is a legal status that enables a person or business to seek relief from debts they cannot pay. The term has expanded to encompass not just the act of declaring bankruptcy but also the broader consequences that follow, such as loss of reputation and financial recovery efforts.

Word Frequency Rank

This word's position of #33,895 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.