Undischarged in a sentence as an adjective

Why is a rich person with no debt and huge amount of assets more of a risk than an undischarged bankrupt?

Anyone can be a company director as long as they're over 16, not disqualified from being a company director and not undischarged bankrupts.

Undischarged definitions

adjective

owed as a debt; "outstanding bills"; "the amount still owed"; "undischarged debts"

See also: outstanding

adjective

still capable of exploding or being fired; "undischarged ammunition"; "an unexploded bomb"

See also: unexploded