German Conversation · Level 59
75 words
German word
Konkurs
Pronunciation
IPA/kɔŋˈkʊʁs/
Meaning
- masculine nounbankruptcy
Example
Viele kleine Firmen gingen im letzten Jahr in Konkurs.
Many small companies went bankrupt last year.
More examples
Die Insolvenzverwalter mussten den Konkurs schnell abwickeln.
The insolvency administrators had to wind up the bankruptcy quickly.
Core concept
A shuttered business has its remaining assets sold and the proceeds distributed among creditors.
Common phrases
in Konkurs gehen
go bankrupt
einen Konkurs abwickeln
wind up a bankruptcy
einen Konkurs verhindern
prevent bankruptcy
Similar words
Pleite: A business or household can no longer stay afloat because of financial trouble.
Insolvenz: Formal insolvency proceedings address unpaid debts through restructuring or liquidation.
Bankrott: A state of financial ruin in which debts can no longer be repaid.
Definition in German
Konkurs bezeichnet die Abwicklung eines zahlungsunfähigen Schuldners, also das Verfahren zur Verwertung seines Vermögens und zur Befriedigung der Gläubiger.
Word origin
Konkurs comes from legal Latin concursus, meaning 'a coming together', from concurrere, 'to run together'.
Usage tips
- Konkurs is masculine, with the forms der Konkurs and die Konkurse.
Opposites
- Solvenzsolvencynoun
- Liquiditätliquiditynoun
Related words
- Konkursmassebankruptcy estatenoun
- Konkurskostenbankruptcy costsnoun
- Konkursantragbankruptcy petitionnoun