His business went to the dogs and he was declared bankrupt.
He was unable to pay his debt and was declared bankrupt.
His creditors got nothing as he was declared bankrupt.
"Bankrupt" means that a person or organization is unable to pay their debts and is legally declared insolvent.
Due to the state of our economy, many businesses have gone bankrupt.
A person bankrupt money from the bank, so the polices were trying to find him.
I've just put a card to take out cash and went bankrupt
After spending too much money on fine luxuries, the man soon became bankrupt.
Unfortunately, when the man talked to the teller at the bank, he said " Sorry Sir, but you have gone bankrupt." The CEO was unable to pay his debts, so the company went bankrupt.
While some people went bankrupt in the 1890s mini depression, many businesses went bankrupt during the Great Depression.She felt emotionally bankrupt because of her drug addiction.
To be in debt or bankrupt
bankrupt
Morally bankrupt (as I assume you mean) means without moral worth; for instance one might say: 'Bashar al Asad is morally bankrupt'
It means lacking intelligence.
Bankrupt means having no money or assets. Bankrupts, therefore, are a group of persons or busnesses that have no money or assets.
It means that you need to declare if you have ever been bankrupt. So if you have never been bankrupt you can say YES. However, if you have been bankrupt you need to say NO.