B2adjectivemoneybusiness
US/ˈbæŋk.rʌpt/
UK/ˈbæŋk.rʌpt/
unable to pay your debts, so that a court takes control of your money and property
In context
The company went bankrupt after losing its biggest customer.
He was declared bankrupt at the age of forty.
Too many loans left the small airline bankrupt within a year.
Words that go with bankrupt
adjective + noun
- bankrupt companyA bankrupt company cannot pay its workers.
- bankrupt firmThe bankrupt firm sold its offices to pay its debts.
verb + adjective
- go bankruptMany small shops went bankrupt during the pandemic.
- be declared bankruptHe was declared bankrupt in 2019.
adverb + adjective
- almost bankruptThe club was almost bankrupt before the new owner arrived.
- financially bankruptThe city is financially bankrupt and cannot repair its roads.
- virtually bankruptAfter the floods the farm was virtually bankrupt.
Common mistakes
Incorrect:
The company is bankruptcy.Correct: The company is bankrupt.