Jisho

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とうさん 倒産
Common word JLPT N1 Wanikani level 20 Play audio Links
Noun, Suru verb, Intransitive verb
1. (corporate) bankruptcy; insolvency; commercial failure; failed business​
Wikipedia definition
2. Bankruptcy​Bankruptcy is a legal status of an insolvent person or an organisation, that is, one who cannot repay the debts they owe to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor. Bankruptcy is not the only legal status that an insolvent person or organisation may have, and the term bankruptcy is therefore not the same as insolvency.
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