No. 1,557 in Dutch
faillissement
Bankruptcy.
In a sentence
Het bedrijf ging faillissement aan nadat de inkomsten drastisch afnamen.
The company filed for bankruptcy after the income drastically decreased.
Here, 'faillissement' refers to the act of officially declaring bankruptcy.
Faillissement kan ernstige gevolgen hebben voor werknemers en leveranciers.
Bankruptcy can have serious consequences for employees and suppliers.
In this sentence, 'faillissement' is used in a general sense to discuss its implications.
De financiële adviseur analyseerde de oorzaken van het faillissement.
The financial advisor analyzed the causes of the bankruptcy.
The word 'faillissement' is employed to describe the completed event of an entity going bankrupt.
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