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Discover LudwigThe phrase 'avoiding bankruptcy' is correct and usable in written English.
You can use this phrase when referring to someone who is taking steps in order to avoid filing for bankruptcy or going into debt. For example, "John is taking measures to avoid bankruptcy by increasing his income and minimizing his expenses."
Exact(25)
The cuts dim the hopes Enron had of avoiding bankruptcy.
General Motors may do well, avoiding bankruptcy or surviving bankruptcy.
The plan would allow Halliburton, based in Houston, to settle its asbestos liability while avoiding bankruptcy.
Some five decades later, the institution found itself reportedly $20m in the red, barely avoiding bankruptcy.
In 1923, after narrowly avoiding bankruptcy, Alfred Sloan, a ball-bearing magnate, took over the running of GM.
JJB narrowly avoiding bankruptcy last year by ditching loss-making stores with a company voluntary arrangement – an agreement with landlords.
Similar(30)
With luck, it will avoid bankruptcy.
That should help the utilities avoid bankruptcy.
Last fall the country barely avoided bankruptcy.
"I hope we can avoid bankruptcy over this ordeal".
Ten months ago, Northland restructured to avoid bankruptcy.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com