bankruptcy [bankruptcies] (legally declared or recognised condition of insolvency) noun [UK: ˈbæŋ.krʌpt.si] [US: ˈbæŋ.krʌp.si]
bancarrotanoun {f}As a matter of fact, bankruptcy is inevitable. = De hecho, la bancarrota es inevitable.
quiebranoun {f}Our firm is on the verge of bankruptcy, I'm ashamed to say. = Nuestra firma se encuentra al borde de la quiebra, me da vergüenza decirlo.