estar en quiebra
being bankrupt
The Spanish phrase 'estar en quiebra' translates to 'being bankrupt' in English. This particular phrase is often used in business or financial contexts to indicate that a person or organization is unable to repay outstanding debts due to lack of funds. It conveys a state of financial insolvency and is usually a legal declaration made by an entity to acknowledge that they cannot meet financial obligations to their creditors. Understanding such terms can be very helpful in effectively communicating around topics related to finance, economy, or business.
Example sentences using: estar en quiebra
Después de iniciar el nuevo negocio, Julián teme estar en quiebra.
After starting the new business, Julian fears being broke.
In this sentence, the phrase 'estar en quiebra' is used to describe Julian's financial state as a result of the new business. It expresses his fear of being unable to cover his debts, demonstrating the gravity of the situation.
Aunque se esfuerza por evitarlo, la compañía podría estar en quiebra muy pronto.
Even though they strive to avoid it, the company could be broke very soon.
In this context, 'estar en quiebra' is used to illustrate a possible outcome of the company's current financial conditions. It suggests the company's financial instabilities and the potential for a financial ruin.
Si sigues gastando de esa forma, vas a estar en quiebra antes de lo que piensas.
If you keep spending like that, you're going to be broke before you know it.
In this statement, 'estar en quiebra' is utilized to forewarn about the consequences of continuing a spendthrift behavior. The phrase is used to indicate the potential personal financial collapse that could arise if the current behavior continues.