BANKRUPT

A trader who secretes himself, or does certain other acts tending to defraud his creditors. Blackstone.

A trader who becomes unable to pay his debts; an insolvent trader; popularly, any person who is unable to pay his debts; an insolvent person. M

A person who, in accordance with the terms of a law relating to bankruptcy, has been judicially declared to be unable to meet his liabilities.

Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant.

Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury.

Relating to bankrupts and bankruptcy.

Destitute of, or wholly wanting (something once possessed, or something one should possess). "Bankrupt in gratitude." Sheridan. Bankrupt law, a law by which the property of a person who is unable or unwilling to pay his debts may be taken and distributed to his creditors, and by which a person who has made a full surrender of his property, and is free from fraud, may be discharged from the legal obligation of his debts. See Insolvent, a.

To make bankrupt; to bring financial ruin upon; to impoverish.