1. [ noun ] (finance) inability to discharge all your debts as they come due
Synonyms: failure

"the company had to declare bankruptcy" "fraudulent loans led to the failure of many banks"

Related terms: insolvency fail
2. [ noun ] a state of complete lack of some abstract property

"spiritual bankruptcy" "moral bankruptcy" "intellectual bankruptcy"

Related terms: failure
3. [ noun ] (law) a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Related terms: proceeding law
Similar spelling:   bankrupt