Thousands of small businesses went under during the recession.
They neglected his advice, with the result the their company went bankrupt.
They blamed him for the failure of the company.
His company went bankrupt, and to make matters worse, he met with a traffic accident.
Many small companies went bankrupt.
The newspaper said that XYZ oil company went belly-up today.
As a matter of fact, bankruptcy is inevitable.
Recently, many public bath-houses have gone out of business.
A lot of companies are going under lately because banks are so tight with their money.
Business failures are down 10% this year.
Bankruptcy is to the employer what dismissal is to the employee.
Under the circumstances, bankruptcy is inevitable.
The company was in the red and went under.
The firm went under due to lack of capital.
The company managed to keep afloat.
There's a rumor in the air that the firm is going into bankruptcy.
The company went bankrupt.
There's another rumor in the air that the firm is going into bankruptcy.
That company is, in effect, bankrupt.
The company is on the verge of bankruptcy.