phrasal verb · neutral
go bankrupt
UK/ɡəʊ ˈbæŋ.krʌpt/US/ɡoʊ ˈbæŋ.krʌpt/go BAN·krupt
task2speaking
to become unable to pay debts and be declared legally insolvent
Examples
“Many small businesses went bankrupt during the economic crisis.”
“If the company keeps losing money, it might go bankrupt next year.”
“The chain avoided going bankrupt by restructuring its debts.”
Band 8 sentence
“Several local suppliers went bankrupt when demand plummeted during the pandemic.”
Collocations
- go bankrupt during a recession
- avoid going bankrupt
- drive a company to go bankrupt
Word family
go bankrupt vgoes bankrupt vwent bankrupt vgone bankrupt v
Common mistakes
go bankrupted→go bankrupt
to bankrupt the company→bankrupt the company / go bankrupt
Say it for a higher band
5fail (business)→6go out of business→7+go bankrupt
Synonyms
go bust
become insolvent
Easily confused
go bust
“Many independent shops went bust after rents increased.”
Related words
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