declare bankruptcy

简明释义

实行破产

英英释义

例句

1.After struggling with debts for years, the company had no choice but to declare bankruptcy.

在与债务斗争多年后，公司别无选择，只能申请破产。

2.The small business was forced to declare bankruptcy due to declining sales.

由于销售额下降，这家小企业被迫申请破产。

3.The restaurant owner decided to declare bankruptcy after failing to pay rent for several months.

餐厅老板在未能支付几个月的租金后决定申请破产。

4.Many individuals declare bankruptcy as a last resort to escape overwhelming financial pressure.

许多人作为逃离巨额财务压力的最后手段而申请破产。

5.When a person declares bankruptcy, it can significantly impact their credit score.

当一个人申请破产时，这可能会对他们的信用评分产生重大影响。

作文

In today's economic climate, many businesses face the harsh reality of financial struggles. When companies find themselves unable to meet their financial obligations, they may have to consider drastic measures. One such measure is to declare bankruptcy, which is a legal process that allows individuals or businesses to seek relief from some or all of their debts. This decision is not taken lightly, as it can have long-lasting effects on a company's reputation and its ability to operate in the future.Declaring bankruptcy can be seen as a last resort for many businesses. It often signifies that the company has exhausted all other options for managing its debts. For example, a small business owner might try to renegotiate payment terms with creditors, cut costs, or seek additional financing. However, if these efforts fail and the business continues to incur losses, the owner may feel compelled to declare bankruptcy to protect their assets and start anew.There are different types of bankruptcy filings, depending on the nature of the business and its financial situation. In the United States, Chapter 7 bankruptcy involves liquidating a company's assets to pay off creditors, while Chapter 11 bankruptcy allows a business to reorganize its debts and continue operating under court supervision. Each type has its own implications and consequences, making it essential for business owners to understand their options before making the decision to declare bankruptcy.The process of declaring bankruptcy can be complicated and often requires the assistance of legal and financial professionals. It typically involves filing a petition with the bankruptcy court, providing detailed information about the company's finances, and attending hearings. This process can be time-consuming and stressful, but for many, it offers a path to financial recovery.While declaring bankruptcy may provide relief from overwhelming debt, it is important to recognize the potential downsides. A bankruptcy filing can severely impact a company's credit rating, making it difficult to secure loans or attract investors in the future. Additionally, the stigma associated with bankruptcy can affect relationships with customers and suppliers, as they may question the stability of the business.Moreover, the decision to declare bankruptcy can also have personal ramifications for business owners. If they have personally guaranteed any of the business's debts, they may still be liable for those debts even after the company has filed for bankruptcy. This can lead to further financial difficulties and stress.In conclusion, the decision to declare bankruptcy is a significant one that should be approached with caution and thorough consideration. While it can provide a necessary escape from insurmountable debt, it also comes with challenges that can affect both the business and its owners for years to come. It is crucial for entrepreneurs to explore all possible options and seek professional guidance before taking this step. In a world where financial instability is prevalent, understanding the implications of declaring bankruptcy is essential for anyone involved in business.

在当今的经济环境中，许多企业面临着财务困境的严峻现实。当公司发现自己无法履行财务义务时，他们可能不得不考虑采取激烈的措施。其中一种措施是宣布破产，这是一种法律程序，允许个人或企业寻求解除部分或全部债务的保护。这个决定不是轻易做出的，因为它可能对公司的声誉和未来的运营能力产生长期影响。对于许多企业来说，宣布破产可以被视为最后的手段。它通常意味着公司已经用尽了管理债务的所有其他选择。例如，一位小企业主可能会尝试与债权人重新谈判付款条款、削减成本或寻求额外融资。然而，如果这些努力失败，企业继续亏损，业主可能会觉得有必要宣布破产以保护他们的资产并重新开始。根据企业的性质和财务状况，破产申请有不同类型。在美国，第七章破产涉及清算公司的资产以偿还债权人，而第十一章破产则允许企业在法院监督下重组其债务并继续运营。每种类型都有其自身的影响和后果，因此企业主在决定宣布破产之前，必须了解自己的选择。宣布破产的过程可能很复杂，通常需要法律和财务专业人士的协助。它通常涉及向破产法院提交申请，提供有关公司财务的详细信息，并参加听证会。这个过程可能耗时且压力重重，但对于许多人来说，它提供了一条财务恢复的道路。尽管宣布破产可能减轻压倒性的债务，但重要的是要认识到潜在的缺点。破产申请可能严重影响公司的信用评级，使其在未来难以获得贷款或吸引投资者。此外，与破产相关的污名可能会影响与客户和供应商的关系，因为他们可能会质疑企业的稳定性。此外，决定宣布破产也可能对企业主产生个人影响。如果他们对任何企业债务进行了个人担保，即使公司已经申请破产，他们仍可能对这些债务负责。这可能导致进一步的财务困难和压力。总之，决定宣布破产是一个重要的决定，应谨慎和全面地考虑。虽然它可以提供从无法承受的债务中逃脱的必要途径，但它也带来了可能在未来几年影响企业及其所有者的挑战。企业家在采取这一步骤之前，必须探索所有可能的选择并寻求专业指导。在一个财务不稳定普遍存在的世界中，理解宣布破产的影响对任何参与商业的人来说都是至关重要的。