4. Destitute of, or wholly wanting (something once possessed, or something one should possess). "Bankrupt in gratitude." Sheridan.
Bankrupt law, a law by which the property of a person who is unable or unwilling to pay his debts may be taken and distributed to his creditors, and by which a person who has made a full surrender of his property, and is free from fraud, may be discharged from the legal obligation of his debts. See Insolvent, a.
Bank"rupt, v. t. [imp. & p. p. Bankrupted; p. pr. & vb. n. Bankrupting.] To make bankrupt; to bring financial ruin upon; to impoverish.
Bank"rupt*cy (&?;), n.; pl. Bankruptcies(&?;). 1. The state of being actually or legally bankrupt.