noun
Refers to a company that has legally or practically failed and ceased operations due to insolvency. Often used in business and legal contexts.
See also: 倒産企業
その倒産会社の元社員たちは再就職に苦労した。
Former employees of the bankrupt company struggled to find new jobs.
倒産企業 is a near-synonym also meaning 'bankrupt enterprise'; 倒産会社 is more specific to a company (会社), while 企業 can refer to any business enterprise.
Compound of 倒産 (bankruptcy) and 会社 (company). The exact historical derivation is straightforward; the word is a modern business term.