distinction between "bankrupt""insolvent"and"bust".
To me they mean pretty much the same thing.Are there any tiny distinctions between them?May I have some example sentences in which only one of these words is proper to use not the other?
Thanks a lot.

Question

Answer

They are pretty similar:

Bankrupt is usually specifically when you actually file with the state and is used pretty frequently in common language, even as a figure of speech: "With these gas prices, I'm going to go bankrupt." (Not literally)

Insolvent means you can't pay your bills usually and is not used very often.

Bust is a slang term in this situation: He wasted all of his money and went bust.