This is the 1273rd most frequent Dutch word.
failliet
Bankrupt.
In this sentence, 'failliet' is part of the verb phrase indicating the potential outcome of financial failure.
Ze heeft alles gedaan om te voorkomen dat haar winkel failliet zou gaan.
She did everything to prevent her store from going bankrupt.
Here, 'failliet' is used in conjunction with 'verklaard' to indicate an official declaration of bankruptcy.
Ik hoorde dat jouw favoriete winkel zojuist failliet is verklaard.
I heard that your favorite store has just been declared bankrupt.
Here, 'failliet' is used as an adjective describing the state of the company after financial collapse.