bankrot

1. (of a company, person) bankruptcy
   Firma je prošle godine proglasila bankrot. — The company declared bankruptcy last year.
   Mnoge male prodavnice su pred bankrotom. — Many small shops are on the verge of bankruptcy.
2. (figurative) collapse; failure
   To je potpuni moralni bankrot vlasti. — This is the complete moral bankruptcy of the government.
3. colloq. (biti bankrot) broke
   Ne mogu da izađem večeras, potpuno sam bankrot. — I can't go out tonight, I'm totally broke.

Common in the phrases proglasiti bankrot "to declare bankruptcy" and biti pred bankrotom "to be on the verge of bankruptcy".