Bankruptcy
From The Art and Popular Culture Encyclopedia
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"For bankruptcy has become such an art that every day someone invents a new species, especially in the realm of governmental bankruptcies where France has just made an innovation: the doubledupe or amphidupe, which has provided the nation with a new means of despoiling itself."--Le Nouveau Monde industriel et sociétaire, ou Invention du procédé d’industrie attrayante et naturelle, distribuée en séries passionnées (1829) by Charles Fourier |
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A legally declared inability of an individual or organisation to pay their creditors.
Wiktionary
- In a condition of bankruptcy; unable to pay one's debts.
- a bankrupt merchant
- Having been legally declared insolvent.
- Destitute of, or wholly lacking (something once possessed, or something one should possess).
- a morally bankrupt politician
- Sheridan
- bankrupt in gratitude
See also
- The Hierarchy of Bankruptcy is a text by Charles Fourier
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Bankruptcy" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
