Learn more about this word
Η χρεοκοπία
The formal term for when a business or individual cannot pay their debts.
Examples in context
Η εταιρεία κήρυξε χρεοκοπία το περασμένο έτος.
The company declared bankruptcy last year.
Απέφυγαν τη χρεοκοπία την τελευταία στιγμή.
They avoided bankruptcy at the last moment.
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