Bankrupting: meaning, definitions and examples

This term is used when someone or something is causing another entity to go bankrupt. It's often used in discussions about actions leading to financial ruin.

• The company's aggressive expansion strategy is bankrupting smaller competitors
• His reckless investments are bankrupting his family's savings

Ruin means to completely destroy or severely damage something. Although it can refer to finances, it’s a more general term that can apply to various aspects of life.

• The scandal ruined his career
• The storm ruined the crops, causing widespread agricultural losses

Impoverish means to make someone very poor. It's used in contexts involving a significant and often gradual decline into poverty, often due to systemic issues.

• The prolonged droughts have impoverished many farming communities
• Corruption and poor governance continue to impoverish the nation

This is used to describe the legal state or condition in which an individual or business can no longer repay their debts. It’s a formal process under law.

• The restaurant declared bankruptcy after years of decreasing revenue
• The bankruptcy filing was a last resort to restructure the company’s debts

Use it when referring to the action of causing someone or something to lose all their money and go out of business.

• The risky investments ended up bankrupting the company.
• The new policies are bankrupting small businesses.

Use it to describe a situation where something fails suddenly and completely, often in a dramatic way. It's not limited to financial contexts.

• After the scandal, the company's reputation experienced a complete collapse.
• The bridge’s collapse caused a major traffic disruption.

Use this term when someone or something does not succeed in achieving a goal or cannot continue operating.

• The startup failed due to a lack of funding.
• He was disappointed when he failed to pass the exam.

Use it to indicate severe damage to someone’s finances or reputation, often impacting their life significantly. This term often carries a negative connotation.

• The scandal ruined his political career.
• She feared the lawsuit would ruin her financially.