Found 1 items, similar to Bankrupt law.
English → English (gcide) Definition: Bankrupt law Bankrupt \Bank"rupt\, a. 1. Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant. [1913 Webster] 2. Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury. [1913 Webster] 3. Relating to bankrupts and bankruptcy. [1913 Webster] 4. Destitute of, or wholly wanting (something once possessed, or something one should possess). “Bankrupt in gratitude.” --Sheridan. [1913 Webster] 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. [1913 Webster]