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What is another word for went bankrupt?

Need synonyms for went bankrupt? Here's a list of similar words from our thesaurus that you can use instead.

Verb
Past tense for to become insolvent or go into liquidation as a business
“Rather than go bankrupt, he liquidated the remaining assets from the failed project and paid off almost all of his debts.”
Verb
Past tense for to ruin, or be ruined, financially
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