go bankrupt
Lose all money
To go bankrupt is to be legally declared unable to pay one's debts, resulting in court-supervised liquidation or restructuring of assets.
The phrase applies to individuals and businesses alike: The company went bankrupt after the lawsuit.
More loosely, it describes running out of money entirely: I'll go bankrupt if I keep eating out every night.
- insolventUnable to pay debts
- in the redFinancially in deficit
- failureLack of success
- creditorsThose owed payment
- receivershipCourt-ordered asset management
go under · go out of business · collapse · foreclosure · belly up · break · Chapter 11 · bust · fold · close up shop · trustee · liquidation · default · debt spiral · wiped out · ruin · broke · bottom dollar
go bankruptprosper
Succeed and flourish
make a fortune · thrive · stay afloat · strike it rich · hit the jackpot
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