bankrupt
Definition
A person, firm, or corporation that has been declared insolvent through a court proceeding and is relieved from the payment of all debts after the surrender of all assets to a court-appointed trustee.
 Cite this definition
'bankrupt
' appears in the definitions of these terms on BusinessDictionary.comdischarged bankrupt, undischarged bankrupt, order of discharge, act of bankruptcy, bankruptcy petition, and 
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