BANKRUPTS Meaning and
Definition
-
Bankrupts is typically used as a noun referring to individuals or companies who have been declared legally insolvent, unable to pay their debts owing to significant financial difficulties. A bankrupt is an entity that has undergone a legal process called bankruptcy, usually initiated by creditors seeking to recover their financial losses. This process involves an assessment of the debtor's financial situation, the liquidation of assets to repay creditors, and the distribution of remaining funds according to a predetermined priority system.
Bankrupts are subject to various legal consequences, which may include the seizure of assets, restrictions on borrowing, and potential limitations on future business activities. The declaration of bankruptcy can also have significant personal and professional implications, affecting creditworthiness, employment opportunities, and personal reputation.
The term bankrupts can also be used in a broader sense to describe individuals or entities facing severe financial difficulties, even if they have not undergone the formal bankruptcy process. In this context, it references those who are in a state of financial ruin or collapse, struggling to meet their financial obligations and facing potential insolvency.
While bankrupts often imply a negative connotation, it is important to recognize that bankruptcy laws exist to provide a framework for debt resolution, allowing individuals and companies to seek a fresh start and work towards financial recovery under regulated conditions.
Top Common Misspellings for BANKRUPTS *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for BANKRUPTS
Etymology of BANKRUPTS
The word "bankrupt" originated from the Italian word "banca rotta", which literally means "broken bench". During the Middle Ages, Italian moneylenders, known as "banchieri", conducted their businesses on benches in public places. When a moneylender was unable to pay his debts, his bench would be physically broken to signify his insolvency. This practice eventually led to the adoption of the term "banca rotta" in Italian. The word then made its way into English as "bank rout", and over time transformed into "bankrupt", referring to one who is unable to pay their debts.
Similar spelling words for BANKRUPTS
Conjugate verb Bankrupts
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:
