bankrupt
definition
having no money to pay debts
example
Economic hardships have unfortunately caused a lot of restaurants to go bankrupt in this neighborhood.
synonyms
pennilessbrokeinsolvent
word origin — mid 16th century: from Italian banca rotta ‘broken bench’, from banca (see bank) and rompere ‘to break’. The change in the ending was due to association with Latin rupt- ‘broken’