en

Go into bankruptcy

ru

Translation go into bankruptcy into russian

go into bankruptcy
After years of financial struggle, the firm went into bankruptcy.
После многих лет финансовых трудностей фирма вошла в состояние банкротства.

Definitions

To enter a legal state of insolvency where an individual or organization is unable to repay outstanding debts, leading to a court proceeding that may result in the liquidation of assets or a reorganization of debt.