Bankrupt
Definition 1 of 4
Pro Tip 1/3
Severity of Debt
Bankrupt often suggests financial ruin, not just temporary money issues. The company was bankrupt, unable to continue its operations.
Pro Tip 2/3
Legal Process
Being bankrupt may involve a legal process to recognize the inability to repay debts. She had to attend court after declaring herself bankrupt.
Pro Tip 3/3
Business Context
'Go bankrupt' often refers to businesses failing, not just individuals. If sales don't improve, our shop might go bankrupt.