bankrupt


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Related to bankrupt: insolvency, iva, Bankruptcies

bankrupt

a person adjudged insolvent by a court, his property being transferred to a trustee and administered for the benefit of his creditors
References in classic literature ?
Creeds mathematically precise, and hair-splitting niceties of doctrine, are absolutely necessary for the salvation of some kinds of souls, but surely the charity, the purity, the unselfishness that are in the hearts of men like these would save their souls though they were bankrupt in the true religion--which is ours.
His father told him of the wicked, rascally, shameful conduct of the bankrupt, reminded him of what he had said about Amelia, and that their connection was broken off for ever; and gave him that evening a good sum of money to pay for the new clothes and epaulets in which he looked so well.
Glegg, "and it's right to warn you,--if Tulliver's made a bankrupt, and he's got a note-of-hand of your husband's for three hundred pounds, you'll be obliged to pay it; th' assignees 'ull come on you for it.
They will serve writs for their money, and the firm will be declared bankrupt.
In a commercial town, like New York, the failure of a reputed millionaire, could not long remain a secret, and every body stared at the wife and daughter, and me; first, as if they had never seen the wives and daughters of bankrupts before; and second, as if they had never seen them surrounded by the evidences of their extravagance.
Morally Bankrupt represents Acey's second attempt at social commentary, challenging established ideas of morality and revolution.
He related a phone call he had received from an archdeacon in Corner Brook that morning, who had read the National Post article of May 5, reporting that the church could be bankrupt in 2001.
A study we did suggests cash flow trends and interactions can help identify businesses that will eventually become bankrupt.
Many sub-Saharan African countries are, in effect, bankrupt.
Therefore, if die taxpayer is neither bankrupt nor insolvent, electing the Sec.
The author does not emphasise sufficiently that in our society there are many different types of bankrupt.
Bankrupt taxpayers generally seek to keep cancellation of indebtedness (COD) income to a minimum so they can emerge from bankruptcy with their net operating losses (NOLs) intact and subject to as few restrictions as possible.