Bankrupt

This time we are looking on the crossword puzzle clue for: Bankrupt.
it’s A 8 letters crossword definition.
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Possible Answers:

RUIN.

Last seen on: –Wall Street Journal Crossword – November 25 2022 – Thanksgiving Spread
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Random information on the term “Bankrupt”:

As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called “under administration” – is an alternative to liquidation, or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company’s assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the administrator is appointed by the company directors. In involuntary administrative receivership, the administrator is appointed by a judicial court. The legal terms for these processes vary from country to country, and the processes may overlap.

Bankrupt on Wikipedia

Random information on the term “RUIN”:

Musical groups established in the year 2005.

The following 200 pages are in this category, out of approximately 984 total. This list may not reflect recent changes (learn more).

RUIN on Wikipedia