gone bankrupt
Lost all money
Gone bankrupt means to have been declared legally insolvent—unable to pay one's debts.
A court oversees the process, which may liquidate assets or restructure obligations.
The phrase extends beyond legal proceedings to describe any state of complete depletion: The company went bankrupt during the recession.
Figuratively, something can go morally or intellectually bankrupt: a philosophy that has gone bankrupt.
- receivershipCourt-ordered asset management
- foreclosureLender seizes mortgaged property
- failedDid not succeed
- insolvencyInability to pay debts
- liquidationSelling assets for cash
belly up · default · creditors · broke · fire sale · sell off · underwater mortgage · stigma · debt · wiped out · anxiety · auction · debt restructuring · assets · financial collapse · rock bottom · economic downturn · administration
gone bankruptsolvent
Dissolving liquid or financially stable
prospered · in the black · debt-free · creditworthy · liquid
gone bankruptthrived
Grew vigorously, succeeded
flourished · scaled up · expanded · cornered the market · gone from strength to strength
gone, goer, bankrupt, bankruptcy, bankrupts, bankrupted, bankrupting, bank, banks