went bankrupt
Lost all money
Went bankrupt is the past tense of go bankrupt—to become financially insolvent, unable to pay one's debts.
A person or business that goes bankrupt may file for legal bankruptcy protection: The company went bankrupt after losing its biggest client.
Figuratively, something can go bankrupt in a moral or intellectual sense: The movement went bankrupt when it abandoned its principles.
Unable to pay debts
- receivershipCourt-ordered asset management
- debtorOne who owes
- creditorsThose owed payment
- trusteeOne managing another's assets
filing · petition · discharge · liquidation · reorganization · means test · proof of claim
Failed on obligation
- arrearsOverdue financial obligations
- liabilitiesAmounts owed to others
- unpaidNot yet compensated
- overduePast expected arrival
delinquent · creditors · foreclosure · repossession · garnishment · collection · dunning · indebtedness
Competitive public sale
- assetsOwned items of value
- sell-offRapid mass divestiture
- divestitureDisposal of assets
- wind-upFinal part or end
liquidator · dissolution · clearance · disposal · fire sale · distress sale · asset seizure · forced sale
Did not succeed
- foldedBent upon itself
- crashedSuddenly failed or slept
- implodedCollapsed under external force
- crumbledBroke into particles
tanked · nosedived · plummeted · bottomed out · wiped out · busted · belly up · kaput
Prolonged economic decline
- depressionProlonged low state
- downturnEconomic decline period
- meltdownCatastrophic loss of control
- panicUncontrollable sudden fear
contagion · bailout · austerity · hardship · turmoil · economic collapse · market crash · credit crunch
Rearranging an existing framework
- turnaroundShift in opposite direction
- reorganizationChanging how something's arranged
- workoutStructured physical exercise
- rehabilitationRecovery from injury/addiction
debt restructuring · repayment plan · fresh start · financial recovery · second chance
insolvent
Unable to pay debts
- receivershipCourt-ordered asset management
- debtorOne who owes
- creditorsThose owed payment
trustee · filing · petition · discharge · liquidation · reorganization · means test · proof of claim
defaulted
Failed on obligation
- arrearsOverdue financial obligations
- liabilitiesAmounts owed to others
- unpaidNot yet compensated
overdue · delinquent · creditors · foreclosure · repossession · garnishment · collection · dunning · indebtedness · underwater
auction
Competitive public sale
- assetsOwned items of value
- sell-offRapid mass divestiture
- divestitureDisposal of assets
wind-up · liquidator · dissolution · clearance · disposal · fire sale · distress sale · asset seizure · forced sale · everything must go
failed
Did not succeed
crumbled · tanked · nosedived · plummeted · bottomed out · wiped out · busted · belly up · kaput · defunct
recession
Prolonged economic decline
- depressionProlonged low state
- downturnEconomic decline period
- meltdownCatastrophic loss of control
panic · contagion · bailout · austerity · hardship · turmoil · economic collapse · market crash · credit crunch · bank run
restructuring
Rearranging an existing framework
- turnaroundShift in opposite direction
- reorganizationChanging how something's arranged
- workoutStructured physical exercise
rehabilitation · debt restructuring · repayment plan · fresh start · financial recovery · second chance
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