Meaning of “undischarged bankrupt” in the English Dictionary

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"undischarged bankrupt" in Business English

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undischarged bankruptnoun [ C ]

uk us 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 bankrupt:

An undischarged bankrupt is subject to various restrictions.

(Definition of “undischarged bankrupt” from the Cambridge Business English Dictionary © Cambridge University Press)