/tə ɡoʊ ˈbæŋkrʌpt/ – Phrase
Definition: bị phá sản, bị vỡ nợ.
A more thorough explanation: To go bankrupt means to be declared insolvent by a court, typically due to an individual or entity being unable to pay their debts. This legal status allows for the orderly distribution of assets to creditors in accordance with bankruptcy laws.
Example: The company’s financial troubles eventually led them to go bankrupt, resulting in the closure of their business operations.