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Discover Ludwig'belly up' is correct and usable in written English.
It is an idiom meaning to go out of business, fail, or die. Examples: "The restaurant went belly up after the coronavirus pandemic." "Their company went belly up after making too many bad investments."
Dictionary
belly up
verb
To gather close, or approach eagerly or assertively, as a bar for ordering alcoholic drinks.
Exact(42)
Many have gone belly up.
"The fish were all belly up.
Two of those chains have gone belly up.
But that might just be a bet on companies going belly up.
Belly up.
Dancing: Belly Up.
Similar(13)
Five years ago this month, Lehman Brothers went belly-up.
Banks went belly-up.
Dozens of traditional stockbroking firms went belly-up.
A sports car rested belly-up in someone's living room.
It makes everything go belly-up at the same time.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com