What is another word for going bankrupt?

Pronunciation: [ɡˌə͡ʊɪŋ bˈaŋkɹʌpt] (IPA)

Going bankrupt refers to the state of having insufficient funds to meet financial obligations, resulting in an inability to pay debts. Synonyms for going bankrupt include financial collapse, insolvency, failure, ruin, collapse, and default. Other related terms include financial distress, financial crisis, bankruptcy proceedings, and bankruptcy declaration. When a person or company faces the possibility of going bankrupt, they may seek alternatives such as debt restructuring, refinancing, or debt consolidation. It is important to address financial problems early on to avoid the need for bankruptcy, as it can have long-lasting consequences on an individual's credit score and financial health.

What are the hypernyms for Going bankrupt?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for going bankrupt?

The antonyms for "going bankrupt" are "solvent" and "profitable". If a company is solvent, it means that they have enough money to pay their debts and keep their business running. Being profitable, on the other hand, means that the business is making a profit or earning money more than they spend on operating costs. Companies that are profitable can invest in themselves and their workers, and grow their business. Being solvent and profitable are two very important goals for any business to strive for. By avoiding the risk of going bankrupt, companies can ensure they continue to succeed and thrive.

What are the antonyms for Going bankrupt?

Famous quotes with Going bankrupt

  • Now, people when I say that look at me and say, 'What are you talking about, Joe? You're telling me we have to go spend money to keep from going bankrupt?'. The answer is yes, that's what I'm telling you.
    Joe Biden
  • I didn't end up going bankrupt... I made some great investments and I held on to my money, which also enables me to have the freedom to do what I want now. But it's not about finances. No matter what, it's about keeping it real.
    Vanilla Ice

Word of the Day

multitasker
The word "multitasker" usually refers to someone who can perform different tasks simultaneously. However, there are several antonyms for this word, which describe the opposite type...