The phrase "possible bankruptcy" means that a person or company might be unable to pay their debts and may have to legally declare that they can't afford to pay what they owe. Full definition
The bailout and possible bankruptcy calls open a window of opportunity. (treehugger.com)
In this way, possible bankruptcy on the part of the client will be avoided. (usacoverage.com)
Fast forward two years, and Howard is dealing with the loss of his six - year - old daughter by withdrawing from life and from his firm — leaving his partners, and workers, on the receiving end of possible bankruptcy as he ignores his clients. (filmireland.net)