bankruptcy of a firm

简明释义

公司破产

英英释义

例句

1.After the bankruptcy of a firm, creditors had to negotiate new terms for repayment.

在公司的破产后，债权人不得不重新谈判还款条件。

2.The sudden economic downturn led to the bankruptcy of a firm, which left many employees without jobs.

突如其来的经济衰退导致了公司的破产，这使许多员工失去了工作。

3.Investors were shocked by the bankruptcy of a firm that was once considered a market leader.

投资者对曾被认为是市场领导者的公司的破产感到震惊。

4.The bankruptcy of a firm can have ripple effects throughout the entire industry.

公司的破产可能会对整个行业产生连锁反应。

5.Legal proceedings followed the bankruptcy of a firm to settle outstanding debts.

在公司的破产后，法律程序随之而来以解决未偿还的债务。

作文

The concept of bankruptcy of a firm has become increasingly relevant in today's volatile economic environment. A firm's bankruptcy refers to its inability to meet its financial obligations, leading to legal proceedings that ultimately result in the liquidation or reorganization of its assets. This situation can arise from various factors, including poor management decisions, market fluctuations, or excessive debt levels. Understanding the implications and causes of bankruptcy of a firm is crucial for investors, employees, and the overall economy.When a firm declares bankruptcy of a firm, it typically enters a legal process that allows it to either restructure its debts or liquidate its assets. In Chapter 11 bankruptcy, for example, a company can reorganize its operations while continuing to operate. This process can provide a lifeline for struggling businesses, allowing them to emerge stronger and more efficient. However, not all firms are able to successfully navigate this process, and many end up in Chapter 7 bankruptcy, which involves the complete liquidation of assets to pay off creditors.The effects of bankruptcy of a firm extend beyond just the company itself. Employees may lose their jobs, suppliers may face unpaid invoices, and shareholders may see their investments wiped out. Additionally, the local economy can suffer as businesses that relied on the firm for goods or services may also struggle. This ripple effect highlights the interconnectedness of modern economies and the importance of financial stability within firms.Moreover, the bankruptcy of a firm can serve as an indicator of broader economic trends. For instance, a surge in bankruptcies across multiple sectors may signal an impending recession or economic downturn. Conversely, a low rate of bankruptcies may indicate a healthy economy where firms are thriving and able to meet their financial obligations. Policymakers often monitor these trends closely to implement measures that can prevent widespread financial distress.Preventing bankruptcy of a firm requires vigilant financial management and strategic planning. Companies must regularly assess their financial health, manage their debt levels wisely, and adapt to changing market conditions. Furthermore, fostering a culture of innovation can help firms stay competitive and responsive to consumer needs, reducing the risk of financial failure.In conclusion, the bankruptcy of a firm is a significant event that carries profound implications for various stakeholders. By understanding the causes and consequences of bankruptcy, individuals and organizations can better prepare for potential risks and contribute to a more stable economic environment. As we continue to navigate the complexities of global markets, it is essential to recognize the importance of sound financial practices and the need for resilience in the face of uncertainty.

“公司破产”的概念在当今动荡的经济环境中变得越来越相关。公司的破产是指其无法履行财务义务，导致法律程序，最终导致其资产的清算或重组。这种情况可能由于多种因素引起，包括管理决策不当、市场波动或债务过高。理解“公司破产”的影响和原因对投资者、员工和整体经济至关重要。当一家公司宣布“公司破产”时，通常会进入一种法律程序，允许其重组债务或清算资产。例如，在第11章破产中，一家公司可以在继续运营的同时重组其业务。这一过程可以为陷入困境的企业提供生机，使它们能够变得更强大、更高效。然而，并非所有公司都能成功应对这一过程，许多公司最终会进入第7章破产，这涉及到完全清算资产以偿还债权人。“公司破产”的影响不仅限于公司本身。员工可能失去工作，供应商可能面临未支付的发票，股东可能看到他们的投资被抹去。此外，当依赖该公司提供商品或服务的其他企业也可能遭遇困境时，地方经济也可能受到影响。这种涟漪效应突显了现代经济的相互联系，以及企业财务稳定的重要性。此外，“公司破产”可以作为更广泛经济趋势的指标。例如，多个行业的破产激增可能表明即将到来的衰退或经济下滑。相反，低破产率可能表明经济健康，企业蓬勃发展，能够履行其财务义务。政策制定者通常会密切监测这些趋势，以实施措施防止大规模的财务困境。防止“公司破产”需要谨慎的财务管理和战略规划。公司必须定期评估其财务健康状况，明智地管理其债务水平，并适应不断变化的市场条件。此外，培养创新文化可以帮助企业保持竞争力并快速响应消费者需求，从而降低财务失败的风险。总之，“公司破产”是一个重大事件，对各种利益相关者产生深远的影响。通过理解破产的原因和后果，个人和组织可以更好地为潜在风险做好准备，并为更稳定的经济环境做出贡献。在我们继续应对全球市场的复杂性时，认识到健全财务实践的重要性以及在不确定性面前需要韧性是至关重要的。