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Bankruptcy
01
faliment, bankrut
a situation in which a person or business is unable to pay due debts
Exemple
The company declared bankruptcy after years of financial losses.
Compania a declarat faliment după ani de pierderi financiare.
She filed for bankruptcy to manage her overwhelming debt.
Ea a solicitat falimentul pentru a-și gestiona datoria copleșitoare.
02
faliment, bankrut
a state of complete lack of some abstract property
03
faliment, bankrut
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
