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    Quiebra (en. Bankruptcy)

    /ˈkje.βɾa/

    Meaning & Definition

    EnglishSpanish
    noun
    A situation in which a company cannot meet its debts.
    The bankruptcy of the company resulted in the dismissal of hundreds of workers.
    La quiebra de la empresa resultó en el despido de cientos de trabajadores.
    The action of legally declaring that a person or entity cannot pay their debts.
    The store owner was forced to file for bankruptcy.
    El dueño de la tienda se vio obligado a solicitar la quiebra.
    The state of total loss of financial solvency.
    After the crisis, many families went into bankruptcy.
    Después de la crisis, muchas familias incurrieron en quiebra.

    Etymology

    From Latin 'clābrāre', meaning 'to break'.

    Common Phrases and Expressions

    technical bankruptcy
    A situation in which a company has more debts than assets, even if it has not legally declared bankruptcy.
    quiebra técnica
    to emerge from bankruptcy
    To recover financially after having been in bankruptcy.
    salir de la quiebra
    forced bankruptcy
    A declaration of bankruptcy that is mandated by a court.
    quiebra forzada

    Related Words

    bankruptcy
    Legal state in which a person or company cannot pay their debts.
    bancarrota
    insolvency
    Condition of being unable to meet financial obligations.
    insolvencia
    debt
    Amount of money owed to another person or entity.
    deuda

    Slang Meanings

    Financial breakdown
    The bankruptcy of the company became a financial breakdown for all its workers.
    La quiebra de la empresa se convirtió en un quiebre financiero para todos sus trabajadores.
    To be in the red
    If we don't sell more this month, we are going to be in bankruptcy and in the red.
    Si no vendemos más este mes, vamos a estar en quiebra y en números rojos.