business failure; corporate bankruptcy
Refers to a company becoming unable to continue operations due to financial collapse. Often used in news and formal contexts.
The company was driven into business failure.
The news of the corporate bankruptcy was widely reported.
経営破綻 describes the broader collapse of a company's management or finances, whereas 倒産 specifically names the legal/practical end state of bankruptcy.
Compound of 経営 (management, operation) and 破綻 (failure, breakdown). The exact historical derivation is uncertain, but the combination straightforwardly conveys the collapse of business management.