Korean

파산
Meaning: bankruptcy
Part of Speech: Noun

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Example sentences

그 회사는 과도한 빚 때문에 결국 파산을 선고받았다.
The company was eventually declared bankrupt due to excessive debt.
법원은 파산 회사의 자산을 관리할 관재인을 선임했다.
The court appointed a receiver to manage the assets of the bankrupt company.
파산 절차에서 채권자는 상계권을 행사했다.
In the bankruptcy proceedings, the creditor exercised the right of set-off.
회사가 파산하자 정부는 노동자에게 대지급금을 지급했다.
When the company went bankrupt, the government paid substitute compensation to the workers.

Usage Notes

A legal status of a person or other entity that cannot repay debts to creditors.

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