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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.

The state of being actually or legally bankrupt.

en . . . in the very act. John viii. 4. Act of attainder. (Law) See Attainder. -- Act of bankruptcy (Law), an act of a debtor which renders him liable to be adjudged a bankrupt. -- Act of faith. (Ch. Hist.) See Auto-da-Fé. -- Act of God (Law), an inevitable accident; such extraordinary interruption of the usual cour…

The decision upon the question whether the debtor is a bankrupt. Abbott.

Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.

perform some business, or enjoy some right, privilege, or property; as, an assignee of a bankrupt. See Assignment (c). An assignee may be by special appointment or deed, or be created by jaw; as an executor. Cowell. Blount. (b) pl.

The transfer of the property of a bankrupt to certain persons called assignees, in whom it is vested for the benefit of creditors. Assignment of dower, the setting out by metes and bounds of the widow's thirds or portion in the deceased husband's estate, and allotting it to her.

suitable for a beggar; extremely indigent; poverty-stricken; mean; poor; contemptible. "A bankrupt, beggarly fellow." South. "A beggarly fellowship." Swift. "Beggarly elements." Gal. iv. 9.

To destroy the financial credit of; to make bankrupt; to ruin. With arts like these rich Matho, when he speaks, Attracts all fees, and little lawyers breaks. Dryden.

Having surrendered the effects; as, a cessionary bankrupt. Martin.

To carry on trade; to traffic. [Obs.] Beware you commerce not with bankrupts. B. Jonson.

es. See Del credere. Commission of array. (Eng. Hist.) See under Array. -- Commission of bankrupty, a commission apointing and empowering certain persons to examine into the facts relative to an alleged bankrupty, and to secure the bankrupt's lands and effects for the creditors. -- Commission of lunacy, a commission…

A making known; revelation; disclosure; as, a bankrupt is bound to make a full discovery of his assets. In the clear discoveries of the next [world]. South.

s as apportioned among creditors; as, the dividend of a bank, a railway corporation, or a bankrupt estate.

o examine a witness in order to elicit testimony, a student to test his qualifications, a bankrupt touching the state of his property, etc. The offenders that are to be examined. Shak.

cially, to be unable to pay one's debts or discharge one's business obligation; to become bankrupt or insolvent.

The act of becoming insolvent of bankrupt.

A becoming insolvent; bankruptcy; suspension of payment; as, failure in business.

To lose or squander by gaming; -- usually with away. "Bankrupts or sots who have gambled or slept away their estates." Ames.

announce or publish in a gazette; to announce officially, as an appointment, or a case of bankruptcy.