Sensible regulations not only make it easier for new firms to get started, but also help established firms change direction and clapped-out firms declare bankruptcy.

合理的规章制度不仅有利于新公司的建立，同时还能帮助运转中的公司掉转方向，也使撑不下去的公司尽快宣布破产。

youdao

He says he is not sure if the company will have to declare bankruptcy.

他表示他还不确定是否要宣布公司破产。

youdao

Since the institution and implementation of the bankruptcy Law in China, the assets of many ventures can not meet their debts, but few of them declare bankruptcy.

破产制度在我国实施以来，许多企业尽管已资不抵债，但依法被宣告破产的却很少。

youdao

Although it's going out of business, the company did say it would not declare bankruptcy and that it would pay creditors.

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In a different post, he said that he would "declare bankruptcy" if his appeal against the fine was not successful.

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States have been losing hundreds of millions if not billions of dollars in tax revenue and seen their local businesses shrink or declare bankruptcy.

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