bankrupt

adj

1. (usually)In a condition of bankruptcy; unable to pay outstanding debts or meet financial obligations; specifically, having been legally declared insolvent.

   “a bankrupt merchant”

   “"How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly."”

2. (figuratively)Destitute of, or wholly lacking a good quality, value, etc. one should possess or once possessed.

   “a morally bankrupt politician”

   “a creatively bankrupt endeavor”

   “O Julia! I am bankrupt in gratitude! but the time is ſo preſſing, it calls on you for ſo haſty a reſolution.”

verb

1. (transitive)To force into bankruptcy.

   “The cost of the Mendip line had, however, bankrupted the S.D.R. [Somerset & Dorset Railway], and it was leased to the two larger companies for 999 years in 1875, and named the Somerset & Dorset Joint Railway.”

2. to get placed last in Tycoon with the bankruptcy rule

noun

1. One who becomes unable to pay his or her debts; an insolvent person; a bankruptee.
2. (UK, obsolete)A trader who secretes himself, or does certain other acts tending to defraud his creditors.