BANKRUPTED Meaning and
Definition
-
Bankrupted is the past tense of the verb "bankrupt." It is used to describe the action of causing a person, company, or organization to become financially insolvent or unable to pay their debts. When someone or something is bankrupted, their financial resources are depleted to the point where they are unable to meet their financial obligations and repay their debts. This can occur due to various reasons such as poor financial management, economic downturns, excessive borrowing, or unexpected financial losses.
To be bankrupted often results in the affected individual or entity entering a state of bankruptcy, which may involve legal proceedings and the appointment of a trustee to oversee the distribution of remaining assets among creditors. Bankruptcy laws may vary across jurisdictions, but the primary aim is to provide a structured process for resolving outstanding debts and allowing for a fresh start, either through the reorganization of financial affairs or through the liquidation of assets.
Being bankrupted can have significant consequences, including damage to one's credit score and reputation, potential loss of assets, and reduced access to credit in the future. It is a challenging situation that often requires careful financial planning and the assistance of professionals such as bankruptcy attorneys or financial advisors to navigate the complexities of the process and potentially regain financial stability.
Common Misspellings for BANKRUPTED
Etymology of BANKRUPTED
The word bankrupted is derived from the noun bankrupt, which originated from Italian banca rotta. Banca means bench or counter, while rotta means broken. The term referred to a situation in medieval Italy where a merchant, unable to repay debts, would have their trading table or bench broken. This was done to indicate to others that the merchant was no longer able to continue their business, resulting in financial ruin. The English term bankrupt came into use during the 16th century after being adopted from other European languages. The verb form bankrupted is simply the past participle form of bankrupt.
Conjugate verb Bankrupted
CONDITIONAL
I
would bankrupt
we
would bankrupt
you
would bankrupt
he/she/it
would bankrupt
they
would bankrupt
FUTURE
I
will bankrupt
we
will bankrupt
you
will bankrupt
he/she/it
will bankrupt
they
will bankrupt
FUTURE PERFECT
I
will have bankrupted
we
will have bankrupted
you
will have bankrupted
he/she/it
will have bankrupted
they
will have bankrupted
PAST
I
bankrupted
we
bankrupted
you
bankrupted
he/she/it
bankrupted
they
bankrupted
PAST PERFECT
I
had bankrupted
we
had bankrupted
you
had bankrupted
he/she/it
had bankrupted
they
had bankrupted
PRESENT
I
bankrupt
we
bankrupt
you
bankrupt
he/she/it
bankrupts
they
bankrupt
PRESENT PERFECT
I
have bankrupted
we
have bankrupted
you
have bankrupted
he/she/it
has bankrupted
they
have bankrupted
I
am bankrupting
we
are bankrupting
you
are bankrupting
he/she/it
is bankrupting
they
are bankrupting
I
was bankrupting
we
were bankrupting
you
were bankrupting
he/she/it
was bankrupting
they
were bankrupting
I
will be bankrupting
we
will be bankrupting
you
will be bankrupting
he/she/it
will be bankrupting
they
will be bankrupting
I
have been bankrupting
we
have been bankrupting
you
have been bankrupting
he/she/it
has been bankrupting
they
have been bankrupting
I
had been bankrupting
we
had been bankrupting
you
had been bankrupting
he/she/it
had been bankrupting
they
had been bankrupting
I
will have been bankrupting
we
will have been bankrupting
you
will have been bankrupting
he/she/it
will have been bankrupting
they
will have been bankrupting
I
would have bankrupted
we
would have bankrupted
you
would have bankrupted
he/she/it
would have bankrupted
they
would have bankrupted
I
would be bankrupting
we
would be bankrupting
you
would be bankrupting
he/she/it
would be bankrupting
they
would be bankrupting
I
would have been bankrupting
we
would have been bankrupting
you
would have been bankrupting
he/she/it
would have been bankrupting
they
would have been bankrupting
Infographic
Add the infographic to your website:
