Bankrupt: Canada Debt .ca defines Bankrupt

Bankruptcy Term Bankrupt

<<< Back

Canada Debt has the definition to the bankruptcy and debt term Bankrupt. Finding answers to terms such as Bankrupt can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Bankrupt in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Bankrupt' is used as follows:

A person who has made an assignment or against whom a receiving order has been made, or the legal status of that person.