go bankrupt; fail completely
Meanings
3 senses · 8 examplesverb
to go bankrupt; to lose all one's property
Refers to the complete loss of assets, often due to misfortune or poor management.
That company went bankrupt due to poor management.
A great fire caused many farm families in the village to go bankrupt.
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The economic crisis led to a large number of enterprises going bankrupt.
verb
to be declared bankrupt (legally)
formalA legal and technical term for the formal process of bankruptcy declaration and asset liquidation.
The court formally declared the company bankrupt and began liquidating its assets.
According to bankruptcy law, his debts will be discharged.
verb
to fail completely; to fall through (often derogatory)
derogatoryUsed metaphorically to describe the complete failure of plans, schemes, or ideas.
His conspiracy ultimately failed.
Due to insufficient funds, this project plan fell through.
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Impractical fantasies will fail sooner or later.