What is another word for goes bankrupt?
Pronunciation: [ɡə͡ʊz bˈaŋkɹʌpt] (IPA) 
Bankruptcy is a tumultuous experience for any individual or company. It is a situation where one can no longer pay off their debts and, as a result, they may have to file for bankruptcy. However, the phrase "goes bankrupt" is not the only way to describe this dire financial circumstance. There are other synonyms to describe a similar situation, such as "becomes insolvent," "fails," "is liquidated," or "goes under." No matter how one phrases it, bankruptcy is never an easy process to go through. It requires patience, understanding, and professional legal advice to help manage the situation effectively and navigate through it.
