What is the meaning of Bankrupt?

In a condition of bankruptcy; unable to pay outstanding debts or meet financial obligations; specifically, having been legally declared insolvent.

Destitute of, or wholly lacking a good quality, value, etc. one should possess or once possessed.

To force into bankruptcy.

One who becomes unable to pay his or her debts; an insolvent person; a bankruptee.

A trader who secretes himself, or does certain other acts tending to defraud his creditors.

Source: wiktionary.org