His companies are on the brink of
bankruptcy.
他的公司正处于破产的边缘。
Eric's failure knelled the
bankruptcy of the company.
埃里克的失败宣告了公司的破产。
The company filed for
bankruptcy after years of financial struggles.
该公司在多年财务困境后申请了破产。
His business went bankrupt due to the economic recession.
由于经济衰退，他的生意破产了。
Filing
bankruptcy can help individuals eliminate or repay some of their debts.
申请破产可以帮助个人消除或偿还部分债务。
The retailer's
bankruptcy came as a shock to both employees and customers.
这家零售商的破产让员工和顾客都感到震惊。
After declaring
bankruptcy, the restaurant chain closed several underperforming locations.
宣布破产后，这家连锁餐厅关闭了几家经营不善的分店。
The increase in debt forced the airline into
bankruptcy.
债务增加迫使这家航空公司破产。
She had to declare
bankruptcy when her medical bills became unmanageable.
当医疗费用变得难以承受时，她不得不宣布破产。
The
bankruptcy process usually involves selling off assets to pay creditors.
破产程序通常涉及出售资产以偿还债权人。
The entrepreneur learned valuable lessons from his first company's
bankruptcy.
这位企业家从他第一家公司的破产中吸取了宝贵的教训。
They managed to avoid
bankruptcy by negotiating a repayment plan with their creditors.
他们通过与债权人协商还款计划设法避免了破产。
In August, the developer filed for bankruptcy protection, under Chapter 15 of the United States Bankruptcy Code, in New York.
8月，开发商根据《美国破产法》第15章在纽约申请破产保护。
In August, the developer had filed for bankruptcy protection under Chapter 15 of the United States Bankruptcy Code in New York City.
8月，开发商根据《美国破产法》第15章在纽约市申请破产保护。
As the restructuring plan is likely to be postponed, Bo Wenxi, chief economist at marketing firm Interpublic Group, said that if the current problems cannot be resolved effectively, the possibility of bankruptcy will increase.
由于重组计划可能会被推迟，市场营销公司Interpublic Group首席经济学家Bo·文希表示，如果目前的问题不能得到有效解决，破产的可能性将增加。
Yan said the resumption of China Evergrande's stock trading involved several key steps, including the issuance of long-delayed financial reports, the utilization of bankruptcy protection in the United States to address overseas debt issues, the strengthening of internal assessment to enhance business operations, and proactive investments in the new energy vehicle industry to better alleviate debt pressures.
严表示，中国恒大股票交易的恢复涉及几个关键步骤，包括发布拖延已久的财务报告、利用美国破产保护来解决海外债务问题、加强内部评估以加强业务运营，以及对新能源汽车行业的积极投资，以更好地缓解债务压力。
The company filed for the protection under Chapter 15 of the US bankruptcy code on Thursday in a US bankruptcy court in Manhattan, New York.
该公司周四在纽约曼哈顿的美国破产法院根据美国破产法第15章申请保护。
Its subsidy Tianji Holding Limited also sought Chapter 15 bankruptcy protection in the court.
其补贴天机控股有限公司也在法院寻求第15章破产保护。
Japan's government convinced Inamori to come out of retirement in 2010 to head Japan Airlines (JAL) after the ailing carrier filed for bankruptcy.
在境况不佳的日本航空公司申请破产后，日本政府说服稻盛和夫于2010年退休，领导日本航空公司。
Debt-laden China Evergrande Group said on Tuesday that a winding-up petition will not affect the group's restructuring schedule, while experts said the petition does not necessarily mean bankruptcy for the property developer.
负债累累的中国恒大集团周二表示，清盘申请不会影响该集团的重组计划，而专家表示，该申请并不一定意味着房地产开发商破产。
"The petition does not directly lead to the bankruptcy of the company," said Chen Yuan, a lawyer with Beijing Yingke (Shanghai) Law Firm.
北京盈科（上海）律师事务所律师陈元表示：“请愿书不会直接导致公司破产。”。
If the plea is accepted by the court, China Evergrande will then have to declare bankruptcy, Chen said.
陈说，如果法院接受了上诉，中国恒大将不得不宣布破产。
US cosmetics maker Revlon Inc filed for Chapter 11 bankruptcy protection on Wednesday after struggling to compete with online-focused upstart brands in recent years.
美国化妆品制造商露华浓公司（Revlon Inc）周三申请破产保护，此前该公司近年来一直难以与以网络为重点的新兴品牌竞争。
HNA Group, the Haikou-based conglomerate, has completed its restructuring work, which has been the largest debt-restructuring case in China after the company filed for bankruptcy with billions of dollars of debt in 2021.
总部位于海口的海航集团已完成重组工作，这是继2021年该公司以数十亿美元的债务申请破产后，中国最大的债务重组案件。
In February 2021, HNA was officially accepted by the court for bankruptcy reorganization.
2021年2月，海航正式被法院受理破产重整。
"The completion of the bankruptcy and reorganization of HNA has helped to restructure the debt, injected capital, cut aircraft rents and brought a new management concept to the group.
“海航破产重组的完成有助于重组债务、注入资本、削减飞机租金，并为集团带来了新的管理理念。
In December, China's fourth-largest carrier Hainan Airlines transferred its core aviation business to Liaoning Fangda Group Industrial Co Ltd, its strategic investor, as parent company HNA faced bankruptcy and restructuring.
去年12月，中国第四大航空公司海南航空将其核心航空业务转让给其战略投资者辽宁方达集团工业有限公司，母公司海航面临破产和重组。
In December, Hainan Airlines transferred its core aviation business to Liaoning Fangda Group Industrial Co Ltd, its strategic investor, as the carrier's parent company HNA Group was in the process of going through bankruptcy and restructuring.
12月，海南航空将其核心航空业务转让给其战略投资者辽宁方达集团实业有限公司，因为该航空公司的母公司海航集团正处于破产重组过程中。
China's fourth-largest carrier Hainan Airlines announced on Wednesday that it has transferred its core aviation business to Liaoning Fangda Group Industrial Co Ltd, its strategic investor, as the carrier's parent company HNA Group is in the process of going through bankruptcy and restructuring proceedings.
中国第四大航空公司海南航空周三宣布，已将其核心航空业务转让给其战略投资者辽宁方达集团工业有限公司，因为该航空公司的母公司海航集团正处于破产和重组程序中。
Next, a joint working group will perform the duties of guidance, coordination and supervision, and continue to implement the group's bankruptcy and restructuring plans and other related risk management work, the statement said.
声明称，下一步，一个联合工作组将履行指导、协调和监督职责，并继续实施集团的破产和重组计划以及其他相关风险管理工作。
In January, HNA said it had received notice from the Hainan High People's Court that creditors had sought bankruptcy as it failed to repay debts.
今年1月，海航表示已收到海南省高级人民法院的通知，称由于未能偿还债务，债权人已申请破产。
"It is preferred to choose mergers and acquisitions rather than bankruptcy or liquidation for withdrawing excessive production capacity consuming high energy, while bringing in new investors could avoid bad debts and prevent financial risks," Wang said.
王说：“为了撤出消耗大量能源的过剩产能，人们更倾向于选择并购，而不是破产或清算，同时引入新的投资者可以避免坏账，防止金融风险。”。
China Evergrande Group, one of the country's leading developers, has denied rumors about its bankruptcy and reorganization, claiming they were "totally untrue", Beijing Daily reported.
北京日报报道，中国领先的房地产开发商之一恒大集团否认了有关其破产和重组的传言，称这些传言“完全不真实”。
China's private and fourth-largest carrier Hainan Airlines said on Sunday that Liaoning Fangda Group Industrial Co Ltd would become a strategic investor, as its parent company HNA Group is in the process of going through bankruptcy and restructuring.
海南航空周日表示，辽宁方大集团实业有限公司将成为其战略投资者，而海航集团正在破产重组过程中。海南航空是中国的民营第四大航空公司。此句话的翻译结果如下：
Luckin Coffee said on Friday it is seeking protection under Chapter 15 of the US Bankruptcy Code to facilitate the company's restructuring of its financial obligations.
Luckin Coffee 周五表示，该公司正在寻求美国破产法第 15 章的保护，以协助其进行金融义务的重组。
The first batch of 62 companies under HNA Group, including three listed companies, has entered bankruptcy restructuring, said the company on Saturday.
海航集团周六表示，包括三家上市公司在内的首批62家子公司已经进入破产重整程序。
HNA Group, parent company of Hainan Airlines, said on Friday it had received notice from the Hainan High People's Court that creditors had sought the company's bankruptcy restructuring due to failure to repay debts.
海航集团周五表示，已收到海南省高级人民法院通知，因未能偿还债务，债权人已申请该公司破产重组。海航集团是海航控股的母公司。
The second phase is expected to involve about 400 companies into bankruptcy and restructuring, which are estimated to take up 85 percent of debts of HNA, according to the source.
据该消息人士透露，第二阶段料将涉及约400家破产和重组的公司，这些公司估计承担海航约85%的债务。
The executive said the bankruptcy restructuring would not affect HNA's aviation business, which comprises of 14 companies and operates 700 commercial aircraft and is the country's fourth-largest air carrier.
这位高管表示，破产重组不会影响海航的航空业务，该业务由14家公司组成，运营着700架商用飞机，是中国第四大航空公司。
Gu Gang, Party secretary of HNA Group, wrote a letter to the 100,000 employees of HNA on Friday that the objective of the plan is not bankruptcy, but to reconstruct.
海航集团党委书记顾刚5日致信海航10万员工表示，重整计划的目的不是破产，而是重生。
HNA Group, the parent company of Hainan Airlines, has applied for bankruptcy and reorganization after a long period of financial struggles.
海航集团，海航航空的母公司，经历长期的财务困境后已申请破产重组。
The conglomerate said it has received notice from the Hainan High People's Court that creditors had sought the company's bankruptcy and restructuring due to failure to repay debts.
该集团表示，已收到海南省高级人民法院的通知，称债权人因未能偿还债务，已申请公司破产重组。
The executive said the bankruptcy and restructuring will not affect HNA's aviation business, which comprises 14 companies and 700 commercial aircraft and is the country's fourth largest air carrier.
这位高管表示，破产和重组不会影响海航的航空业务，该业务包括14家航空公司和700架商用飞机，是中国第四大航空公司。
Against the backdrop of a global economic recession, intensified international trade frictions and fierce industrial competition, the risks of bankruptcy for enterprises have become more prominent.
在全球经济衰退的背景下，伴随着国际贸易摩擦的加剧和工业竞争的激烈，企业破产的风险变得更加突出。
"The epidemic has then greatly increased the risk of bankruptcy of many enterprises this year," he said.
“这场疫情大大增加了今年很多企业破产的风险，”他说。
"The risk of global enterprises going bankruptcy will continue to rise in the future as the pandemic continues to ravage the global economy.
随着疫情持续肆虐全球经济，全球企业的破产风险在未来将会继续上升。
Jia Yueting, founder of Faraday Future (FF) and LeEco, said in a public letter that his individual bankruptcy reorganization procedure in the United States completed on June 26 after nearly one year since it began.
Luckin Coffee Inc, the so-called rival to Starbucks in China, has exposed itself to the risks of delisting and even bankruptcy due to severe fabrication of sales data, experts said.
It is similar to the scenario in 2003, when Chen Tianqiao's Shengda Game company slumped because the internet cafe lost traffic, Liang Jianzhang's Ctrip was on the edge of bankruptcy because of the sharp decline in orders, and Yu Minhong's New Oriental took loans from friends because their cash flow completely dried up.
"The trust fund companies usually have advantages of dealing with the bankruptcy cases, as it has the bankruptcy isolation function, thus they have the comparative advantages of participating in asset securitization business.
When Thomas Cook, the world's oldest travel agency, enters bankruptcy this week, the future for its joint venture with Shanghai-based conglomerate Fosun International will likely remain positive, the JV said.
当全球历史最悠久的旅行社托马斯·库克本周宣布破产时，其与上海复星国际集团的合资公司表示，双方的合资企业未来前景仍可能保持积极态势。
In an announcement released on Monday, Thomas Cook China, in which Fosun Tourism Group holds a majority stake, said it has been informed that Thomas Cook Group has entered compulsory liquidation and it "feels sorry" for the bankruptcy.
A relative latecomer to the crowded bike-sharing market, Hellobike has survived a shakeout that saw rivals such as Xiaoming Bike and Kuqi Bike file for bankruptcy.
After the New Jersey-based chain filed for bankruptcy in 2017, Toys R Us Asia, running as an independent entity in China, Japan and Southeast Asia, is now controlled by Hong Kong-based Fung Retailing Ltd.
Meanwhile, Moteurs Baudouin, which was once on the verge of bankruptcy, began making profits after being acquired by Weichai.
According to media reports, Beijing Baikeluoke Technology Co, one of Ofo's operators, was involved in a bankruptcy case on March 25, listed on the national bankruptcy disclosure platform.
Han Xiao, a lawyer with Beijing Kangda Law Firm, told International Financial News that if a creditor tries to pursue the bankruptcy of its debtor, they need to go through legal procedures, including providing proof relating to the claim and insolvency of the company.
On the other hand Han said, if Ofo can show its ability to pay debts, it could withdraw the bankruptcy application.
The partnership reached an end as the Chinese platform went through large-scale redundancies, resignation of top executives and bankruptcy in the summer of 2013.
Ofo Inc, one of China's largest bike-sharing platforms, is reportedly struggling financially amid rumors of bankruptcy or being forced to sell.
NEW YORK — This month marks the 10th anniversary of the bankruptcy of investment bank Lehman Brothers, a landmark at the height of the 2008 financial crisis considered to be one of the most severe since the 1930s Great Depression.
Ma Steel acquired Valdunes in 2014 for 13 million euros ($14,69 million), after the French company entered a bankruptcy restructuring process.
Lefby Poraiar was alarmed when she was told that Global Steering System (GSS), the auto parts maker in Connecticut she had been working with for 13 years, was on the verge of bankruptcy.
That would equal the number of jobs lost when the plant shut down two years ago and filed for bankruptcy protection under pressure from rapidly expanding Chinese aluminum imports.
Fast forward nearly five years, and Weinstein's company has filed for Chapter 11 bankruptcy, collapsing under the weight of lurid claims of sexual assault and harassment against him.
In its bankruptcy filing on Monday under Section 363 of the US Bankruptcy Code, The Weinstein Co listed both assets and liabilities of between $500 million and $1 billion.
Yueqi said it had not ruled out paying its debts, back pay and taxes through bankruptcy.
The company that once dominated toy sales in the United States has been operating under bankruptcy protection since last fall, when it filed for Chapter 11 under the weight of $5 billion in debt.
The bankruptcy court still must sign off on the closings.
"The actions we are taking are necessary to give us the best chance to emerge from our bankruptcy proceedings as a more viable and competitive company that will provide the level of service and experience you should expect," he said in a letter to customers.
He attributed much of the decline to people's confusion around the bankruptcy filing and a fear of buying gifts at Toys R Us because they thought they wouldn't be able to return them if needed.
A US bankruptcy court judge approved New York-based Vitamin World Inc's sale to Feihe International on Thursday, a move which will help the Chinese baby formula maker to expand into the nutrition and health business amid a saturating milk powder market in the country.
Vitamin World filed for Chapter 11 bankruptcy in September.
A bankruptcy court judge approved Vitamin World Inc's sale to Feihe International on Thursday, a move that will help the Chinese baby formula company to expand its range to the nutrition and health business.
The company was founded in 2004, but the joint venture later filed for bankruptcy with the court in 2013.
Norman has gained a reputation as a corporate turnaround specialist after steering grocer Asda away from bankruptcy and eventually selling the chain to Wal-Mart Stores Inc in 1999.
Oi, which provides phone services in hundreds of Brazilian cities, filed for bankruptcy earlier this year.
Previous cases in Japan involving falsified data included Nissan, Mitsubishi and Takata, which filed for bankruptcy this year over faulty air bags blamed in 17 deaths and scores of injuries.
Toys 'R' Us Inc filed for bankruptcy protection on September 18, after it was loaded with debt in a buyout more than a decade ago.
Operations outside the US and Canada, including about 255 licensed stores and joint venture partnerships in Asia, which are separate entities, are not part of the bankruptcy proceedings, Toys 'R' Us said.
The company was founded in 2004, but the joint venture later filed for bankruptcy.
"Toys 'R' Us Inc filed for bankruptcy protection late on Monday, after it was loaded with debt in a buyout more than a decade ago.
Earlier this year, Engie quit the consortium by selling its 40 percent stake to Toshiba for $139 million, after witnessing Toshiba's nuclear arm Westinghouse file for bankruptcy.
However, after the bankruptcy of Westinghouse, the Office for Nuclear Regulation－the UK's nuclear watchdog－put the project under review.
Westinghouse filed for bankruptcy after incurring some $9 billion of losses, mainly from the construction of four AP1000 reactors in the United States.
However, after the bankruptcy of Westinghouse, the UK's nuclear watchdog, the Office for Nuclear Regulation, put the project under review.
Westinghouse filed for Chapter 11 bankruptcy protection in March after a $9-billion loss, mainly from the two South Carolina projects, savaged its financials.
After building up sales aggressively since near bankruptcy in 2004 through new ventures such as films and creative toy lines, the Danish company seems to have hit a peak.
The 111-year-old steelmaker, headquartered in Dalian in Northeast China's Liaoning province, has defaulted on corporate debt nine consecutive times, with debts amounting to several billion yuan triggering bankruptcy and restructuring proceedings on Oct 10.
cn]Westinghouse's bankruptcy would have no substantial impact on the ongoing AP1000 nuclear reactor construction in China, said its Asia president.
The company, a unit of Toshiba Corp, announced its bankruptcy earlier this year amid huge losses.
The nuclear company filed for bankruptcy in March following billions of dollars in cost overruns at two nuclear power plants it designed in Georgia and South Carolina.
It had recently reached a deal for an $800 million US bankruptcy loan.
(5) The bidder shall be good in bank credit and business reputation, and shall not have been ordered ceasing of business, receiving or freezing of its assets, or be in a state of bankruptcy.
These factors resulted in a prolonged period of low productivity that almost forced the company into bankruptcy.
At the end of March, the multinational corporation approved a Chapter 11 bankruptcy filing in the United States by its embattled Westinghouse Electric unit with the conglomerate saying it faced a possible 712.5 billion yen ($6.5 billion)xa0writedown on its failing nuclear energy business and a related group net loss of more than 1 trillion yen.
Meanwhile, the draft revision has taken steps to enhance workers' democratic management and better safeguard their legitimate rights and interests, such as requiring companies to consider the opinions of employees when contemplating dissolution and bankruptcy.
With the constant optimization of bankruptcy procedures, the number of closed cases of bankruptcy and liquidation surged from 161 in 2018 to 1,288 in 2022, which revitalized 65 billion yuan ($9.6 billion) of assets and cleared up more than 250 billion yuan of credits and debts, Jia added.
Over the past year, Hainan has issued regulations on fair competition, bankruptcy, intellectual property rights (IPR) protection and commercial deregistration, to ensure that Hainan FTP construction is in line with high-standard international economic and trade rules.
Hainan has advanced institutional innovation and established the FTP bankruptcy system with Chinese characteristics.
The Haikou bankruptcy court, the first of its kind in the province, was founded last December to process all kinds of bankruptcy-related cases.
He Ziling, head of the Haikou bankruptcy court, said that the court had handled 199 bankruptcy and liquidation cases as of May, improving the ease with which enterprises handle bankruptcy, while reducing bankruptcy costs.
China's annual legislative plan also includes revising the Company Law, the Enterprise Bankruptcy Law, the Anti-Monopoly Law, the Railway Law, the Mineral Resources Law, the Animal Husbandry Law, and the Agricultural Products Quality and Safety Law, according to the report.
"Chinese courts also worked in recent years with some commercial institutes, such as the All-China Federation of Industry and Commerce and chambers of commerce, to solve disputes through mediation, and paid greater efforts to improve the professionalism of bankruptcy case hearing, he said.
Now, China has 14 bankruptcy tribunals, and judicial teams or panels specializing in liquidation and bankruptcy disputes have been established in nearly 100 courts, according to Lin Wenxue, chief judge of the top court's Second Civil Division.
"Bankruptcy is an inevitable social phenomenon of survival of the fittest in the market economy, but it doesn't always mean 'death' for enterprises," he said.
"Bankruptcy reorganization and bankruptcy reconciliation, for example, are 'protection' and 'rescue' for enterprises.
"While lauding the judicial efforts in enterprises' revitalization, he said the country's steps in solving personal bankruptcy cases have also been accelerated.
In July, Shenzhen Intermediate People's Court in Guangdong province concluded the nation's first case of personal bankruptcy in line with the city's regulation, which was also the country's first legal document on individual bankruptcy, he said.
"The top court will further guide lower courts to research more on individual bankruptcy, hoping to accumulate experience to establish a national-level system in this regard," he added.
The court, which has improved the bankruptcy trial system as well, has also launched over 30 related measures with local taxation and financial regulatory departments.
It solved a total of 792 bankruptcy cases last year.