/priː ˈbæŋkrəpsi plænɪŋ/ – Phrase
Definition: Chuẩn bị trước khi phá sản.
A more thorough explanation: plans made before a bankruptcy proceeding to help the debtor keep as many assets as possible by not having to liquidate them to pay off debts
Example: Careful pre-bankruptcy planning is essential if you wish to resume business operations following bankruptcy.