bankrupt

adjective

• 1(of a person or organization) declared in law unable to pay outstanding debts:the company was declared bankrupt his father went bankrupt and the family had to sell their home
• impoverished or depleted:a bankrupt country with no natural resources

• 2completely lacking in a particular quality or value:their cause is morally bankrupt

noun

• a person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of creditors.

verb

• reduce (a person or organization) to bankruptcy:the strike nearly bankrupted the union