(とうさん)

とうさん
noun, suru-verb
bankruptcy (corporate)
1. corporate bankruptcy, business failure
The state of a company or business going bankrupt and being unable to pay its debts. Specifically refers to corporate/business bankruptcy rather than personal.
不況(ふきょう)(おお)くの会社(かいしゃ)倒産(とうさん)した。
Many companies went bankrupt due to the recession.
倒産(とうさん)危機(きき)(ひん)している。
They are on the verge of bankruptcy.
(かれ)会社(かいしゃ)倒産(とうさん)して、失業(しつぎょう)した。
His company went bankrupt, and he became unemployed.

USAGE: 倒産(とうさん) specifically refers to corporate or business bankruptcy. For personal bankruptcy, use 破産(はさん).

COMMON PATTERNS:

  • 倒産(とうさん)する (to go bankrupt - company)
  • 倒産(とうさん)()()まれる (to be driven to bankruptcy)
  • 倒産(とうさん)危機(きき) (risk of bankruptcy)
  • 連鎖(れんさ)倒産(とうさん) (chain/domino bankruptcies)

CONTRAST WITH 破産(はさん):

  • 倒産(とうさん) - corporate/business bankruptcy
  • 破産(はさん) - personal bankruptcy, general insolvency

RELATED WORDS:

  • 破産(はさん) (personal bankruptcy)
  • (たお)れる (to collapse, fall)
  • 経営(けいえい)破綻(はたん) (management failure)
  • 廃業(はいぎょう) (closing a business)