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BANKRUPTED definition: 1. past simple and past participle of bankrupt 2. to cause someone to become bankrupt: . Learn more.
The meaning of BANKRUPT is a debtor (such as an individual or an organization) whose property is subject to voluntary or involuntary administration under the bankruptcy laws for the benefit of the debtor's creditors. ...
4 days ago · Declaring bankruptcy can provide some much-needed debt relief, but it also means severe credit damage. Chapters 7, 11, and 13 are all different kinds of bankruptcies.
Bankruptcy fraud is a white-collar crime most typically involving concealment of assets by a debtor to avoid liquidation in bankruptcy proceedings. It may include filing of false information, multiple filings in diffe...
You might not have any money in your pocket, but it doesn’t necessarily mean you are bankrupt. It takes a legal proceeding for the courts to declare a person bankrupt — or officially unable to pay his debts.
Define bankrupted. bankrupted synonyms, bankrupted pronunciation, bankrupted translation, English dictionary definition of bankrupted. n. 1. Law A person, business, or organization legally declared insolvent because o...
Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses. This ...
Synonyms for BANKRUPTED: bankrupt, insolvent, penniless, impoverished, destitute, bust, broke, deprived; Antonyms of BANKRUPTED: prosperous, comfortable, wealthy ...
BANKRUPT definition: 1. unable to pay what you owe, and having had control of your financial matters given, by a law…. Learn more.
Definition of bankrupted in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is bankrupted? Meaning of bankrupted as a legal term. What does bankrupted mean in law?
