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Bankruptcy
01
faillite
a situation in which a person or business is unable to pay due debts
Exemples
The company declared bankruptcy after years of financial losses.
La société a déclaré faillite après des années de pertes financières.
She filed for bankruptcy to manage her overwhelming debt.
Elle a déposé le bilan pour gérer sa dette écrasante.
02
faillite, banqueroute
a state of complete lack of some abstract property
03
faillite, banqueroute
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
