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What is another word for going bankrupt?

Need synonyms for going bankrupt? Here's a list of similar words from our thesaurus that you can use instead.

The act or state of a business failing
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“With such a horrible business plan, there was nothing to prevent the inevitability of going bankrupt.”
Present participle for to become insolvent or go into liquidation as a business
“Rather than go bankrupt, he liquidated the remaining assets from the failed project and paid off almost all of his debts.”
Present participle for to ruin, or be ruined, financially
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