Learn more about this word
La faillite
The legal state of a person or entity that cannot repay debts to creditors. Déposer le bilan is the common expression for filing for it.
Examples in context
La petite entreprise a évité la faillite de justesse.
The small business narrowly avoided bankruptcy.
La faillite de cette banque a ébranlé le marché.
The bankruptcy of this bank shook the market.
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