After years of financial struggle, the company had to file for bankruptcy.
После многих лет финансовых трудностей компания была вынуждена подать заявление о банкротстве.
Definitions
To file for bankruptcy means to submit a legal petition to a court declaring an individual's or a business's inability to repay outstanding debts, seeking relief from some or all of those debts under the protection of bankruptcy laws.
