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HUBLOT Posted 13 years ago
Grammar

"fold" / "go bankrupt"

Hello teachers,

http://trove.nla.gov.au/people/1104273

The company folded in 2000 due to funding difficulties.

If a company folds, does that mean it goes bankrupt?
  

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2 Answers
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I think in this case it means "collapsed on itself."
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"Folded" means "went out of business", which doesn't necessarily mean bankruptcy. Not all bankruptcies end in a business ceasing to exist, and not all businesses that cease to exist go through bankruptcies.
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