faillite

/fajit/
1.
nounfeminineSing

bankruptcy; insolvency (legal/financial failure of a company or person)

Sa boîte a fait faillite après seulement six mois.

His company went bankrupt after only six months.

Synonyms:banqueroute, dépôt de bilan
2.
nounfeminineSing

failure; complete breakdown (used figuratively, e.g., of a system, policy, or plan)

C'est une faillite totale du système éducatif.

It's a total failure of the educational system.

Synonyms:échec, fiasco
faillite - French Definition & Examples