
Bankrupt
Severity of Debt
Bankrupt often suggests financial ruin, not just temporary money issues.

The company was bankrupt, unable to continue its operations.
Legal Process
Being bankrupt may involve a legal process to recognize the inability to repay debts.

She had to attend court after declaring herself bankrupt.
Business Context
'Go bankrupt' often refers to businesses failing, not just individuals.

If sales don't improve, our shop might go bankrupt.
Compare with
BreakDestituteImpecuniousImpoverishInsolventPennilessRuin
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