der Konkurs
Translation
bankruptcy, insolvency
Examples
Die Firma musste Konkurs anmelden.
The company had to file for bankruptcy.
Viele kleine Betriebe gehen in Konkurs.
Many small businesses are going bankrupt.
Grammar Patterns
to file for bankruptcy Konkurs anmelden The company had to file for bankruptcy.
to go bankrupt in Konkurs gehen The company went bankrupt.
Similar Words
Synonyms: Bankrott, Insolvenz, Pleite; Antonyms: Erfolg, Prosperität
Etymology
From Latin 'concursus' (a running together), referring to the gathering of creditors.
Memory Tips
Imagine creditors all 'con-' (together) 'coursing' (running) to the company to claim their money.