bankruptcy
Aussprache: [/ˈbæŋkˌɹʌp(t).si/]
Wort
Kontext: „financial“
(noun) when a person or company cannot pay their debts and is declared legally unable to do so. It means they have no money left to pay what they owe.
Beispiel
The company had to declare bankruptcy after facing financial troubles.
Beispiel
Avoiding bankruptcy is important for financial stability.
Beispiel
What happens when a company declares bankruptcy?
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