Chinese word

破产

Pronunciation

Pinyinpò chǎn

Meaning

  • verbgo bankrupt

Example

那家小店昨天破产了。nà jiā xiǎo diàn zuó tiān pò chǎn le

That small shop went bankrupt yesterday.

Illustration for 破产 (go bankrupt)

More examples

这家公司因为债务太多，只能向法院申请破产。zhè jiā gōng sī yīn wèi zhài wù tài duō zhǐ néng xiàng fǎ yuàn shēn qǐng pò chǎn

This company had so much debt that it had no choice but to file for bankruptcy with the court.

Core concept

A financial base collapses until a business or person can no longer pay debts or continue operating.

Common phrases

  • 申请破产shēn qǐng pò chǎn

    file for bankruptcy

  • 面临破产miàn lín pò chǎn

    face bankruptcy

  • 避免破产bì miǎn pò chǎn

    avoid bankruptcy

Similar words

倒闭dǎo bì: Cease operating and shut down permanently as a business.
停业tíng yè: Stop operating for a period, usually as a temporary measure.
关闭guān bì: Close a shop or facility, or stop its operation or function.

Definition in Chinese

因无法偿还债务或经营失败，企业或个人丧失继续经营能力，资产被清算或转让而停止营业的状态。yīn wú fǎ cháng huán zhài wù huò jīng yíng shī bài qǐ yè huò gè rén sàng shī jì xù jīng yíng néng lì zī chǎn bèi qīng suàn huò zhuǎn ràng ér tíng zhǐ yíng yè de zhuàng tài

Word origin

破 (pò, "break") + 产 (chǎn, "production or property") presents production or property as broken, giving the compound its sense of financial collapse.

Usage tips

  • In formal business language, 申请破产 (shēnqǐng pòchǎn, "apply for bankruptcy") refers to beginning a case, while 宣告破产 (xuāngào pòchǎn, "declare bankruptcy") refers to the official decision.

Other meanings

  • bankruptcynoun

Opposites

Word lists with this word