petition for bankruptcy; bankruptcy filing
Legal term for the formal act of filing for bankruptcy with a court.
The company filed a petition for bankruptcy with the court.
破産 is the state of bankruptcy itself, while 破産申請 is the specific legal action of filing for it.
自己破産 refers to personal bankruptcy filed by an individual, whereas 破産申請 is a broader term that can apply to both individuals and companies.
Compound of 破産 (bankruptcy) and 申請 (application, petition).