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to go bankrupt
01
to run out of money or assets and be unable to pay one's debts or financial obligations
Example
Despite years of operation, the once-thriving company has gone bankrupt.
The struggling company was in danger of going bankrupt, but with the help of a new investor, it managed to avoid becoming a lame duck and turned its fortunes around.
The once-thriving neighborhood became desolate after the major employer went bankrupt.
After years of financial mismanagement, the business went bankrupt.
The construction project was left incomplete when the contractor went bankrupt.
