傾 (tilt) 家 (house) 破 (ruin) 産 (property)破産 is the word for bankruptcy.
傾家破産 is (a bit arcane expression for) bankruptcy of the entire household.
I believe it's healthy to let things fail.
I believe in new growth.
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"A Hellacious Hurricane Hits Lehman Brothers." -- Barron's
"It was a brave decision." -Financial Times
"For all the drama of the weekend, these were the first steps -- but far from the last -- in finding a fundamentally new architecture for the financial world. The titans of Wall Street have, over the past 72 hours, been forced to reckon with the reality that the financial sector they built is, in its current form, too big, uses too much borrowed money and creates too much risk for the broader economy." -- The Washington Post
"The latest drama surrounding Lehman Brothers has noticeably failed to whip up much interest from sovereign wealth funds. Although state-owned Korea Development Bank was initially interested in scooping up the brokerage, the risks were too much even for a firm backed by the South Korean government. And the sale of Merrill Lynch to Bank of America showed that even the presence of Singaporean sovereign fund Temasek--which owns 14.0% of Merrill--could not guarantee a happy ending." -- Forbes
graphic: Michel Balasis
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