discharged bankrupt

discharged bankrupt
noun (C) someone who cannot pay their debts but who has obeyed the orders of the court and can do business again

Longman dictionary of contemporary English. 2004.

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Look at other dictionaries:

  • discharged bankrupt — ➔ bankrupt1 * * * discharged bankrupt UK US noun [C] FINANCE, LAW ► a person or company that does not have to pay back particular debts because they are legally bankrupt: »As a discharged bankrupt you are free from the debts included in your… …   Financial and business terms

  • discharged bankrupt — UK [dɪsˌtʃɑː(r)dʒd ˈbæŋkrʌpt] US [dɪsˌtʃɑrdʒd ˈbæŋkrʌpt] noun [countable] [singular discharged bankrupt plural discharged bankrupts] business british someo …   Useful english dictionary

  • discharged bankrupt — UK [dɪsˌtʃɑː(r)dʒd ˈbæŋkrʌpt] / US [dɪsˌtʃɑrdʒd ˈbæŋkrʌpt] noun [countable] Word forms discharged bankrupt : singular discharged bankrupt plural discharged bankrupts business British someone such as a businessman or businesswoman who has not been …   English dictionary

  • discharged bankrupt — /dɪsˌtʃɑ:dʒd bæŋkrʌpt/ noun a person who has been released from being bankrupt because his or her debts have been paid …   Dictionary of banking and finance

  • bankrupt — a debtor, who has volunteered or been forced to appear before a Bankruptcy Court and has been judged insolvent, because s/he has insufficient assets to meet the demands of all creditors. Glossary of Business Terms * * * ▪ I. bankrupt bank‧rupt 1… …   Financial and business terms

  • 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; …   The Collaborative International Dictionary of English

  • 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… …   The Collaborative International Dictionary of English

  • undischarged bankrupt — ➔ bankrupt2 * * * undischarged bankrupt UK US noun [C] FINANCE, LAW ► someone who is legally bankrupt but who still has to pay back particular debts and cannot borrow again without telling financial organizations considering a loan that they are… …   Financial and business terms

  • undischarged bankrupt — a person against whom a bankruptcy order has been made but who has not yet been discharged. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • undischarged bankrupt — A person whose bankruptcy has not been discharged. Such persons must not obtain credit (above £500) without first informing their creditors that they are undischarged bankrupts, become directors of companies, or trade under another name.… …   Accounting dictionary

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