파산

going bankrupt; going broke

Explanation

〔破産〕

1. going bankrupt; going broke
An act of losing all one's wealth and failing.

2. bankruptcy process
A court procedure to divide one's possessions evenly to repay one's creditors, in case the debtor cannot repay the entire debt completely.

Examples
파산 상태
파산 위기
파산이 예상되다

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