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Discover LudwigThe phrase "going bankrupt" is a correct and usable phrase in written English.
It is used to describe when a person or company is financially unable to pay back their debts and is facing insolvency. For example, "The company was going bankrupt due to a series of poor investments."
Exact(60)
People are going bankrupt.
We're going bankrupt.
"Medicare and Social Security are going bankrupt.
Some hospitals are going bankrupt.
The city was going bankrupt.
Tour companies are going bankrupt.
"We're going bankrupt," he said.
Or sometimes going bankrupt and avoiding responsibility.
"I am going bankrupt," he says.
Then, the city is at risk of going bankrupt, right?
The company ended up going bankrupt.
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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