bankruptcy

S2 W2

in Vietnamese Tình trạng phá sản, vỡ nợ

BrE /ˈbæŋk.rə.pət.i/ AmE /ˈbæŋk.rə.pət.i/

noun en → vi

1 FINANCIAL STATE [singular] B2

Tình trạng phá sản, vỡ nợ

the state of being unable to pay your debts and therefore having all your property taken by the court in order to sell it and use the money to pay what you owe

declare bankruptcy

Collocations bankruptcy proceedings · file for bankruptcy

The company declared bankruptcy last year.

Công ty đã tuyên bố phá sản vào năm ngoái.

2 PERSONAL FINANCE [singular] B2

Tình trạng cá nhân bị phá sản, vỡ nợ

the state of being unable to pay your debts and therefore having all your property taken by the court in order to sell it and use the money to pay what you owe (personal)

go bankrupt

Collocations personal bankruptcy · bankruptcy laws

He went bankrupt after losing his job.

Anh ta đã bị phá sản sau khi mất việc làm.