There are numerous synonyms for the phrase "go bankrupt." Some of them are "go insolvent," "go broke," "go under," "declare bankruptcy," "file for bankruptcy," "become financially destitute," "be in financial ruin," "face financial collapse," and "be unable to pay one's debts." All these expressions refer to the situation where an individual or a business entity becomes unable to pay their debts. Going bankrupt can be a challenging and stressful experience that can take a toll on one's emotional and financial stability. However, it is crucial to remember that going bankrupt does not mean the end, but rather an opportunity to rebuild and start afresh.