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Discover Ludwig"going bust" is a correct and usable phrase in written English.
It is an idiom and means to fail financially or become bankrupt. Example: After the company failed to pay its creditors, it ended up going bust.
Idiom
Go bust.
If a company goes bust, it goes bankrupt.
Exact(60)
Small farmers are going bust.
But now, the architects are going bust.
Low point: "Going bust in 2004".
These are bonuses for going bust".
He agrees that this might lead to councils going bust.
(No letters? No wonder the Postal Service is going bust).
The chances of them all going bust are slim.
Unable to make ends meet, some are now going bust.
But at that moment, financial institutions aren't going bust.
Banks are supposed to worry about borrowers going bust.
As a result, insurers are going bust or pulling out.
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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