Translation of "s'être en faillite" to English

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Contexts with "s'être en faillite"

Il est en faillite. He is bankrupt.
Il fut déclaré en faillite. He was declared bankrupt.
Cela signifie-t-il que nous devions nous déclarer en faillite ? Does this mean that we have to file bankruptcy?
Une rumeur circule sur le fait que l'entreprise va droit vers la faillite. There's a rumor in the air that the firm is going into bankruptcy.
Je jouissais de beaucoup de bon sens lorsque j'étais jeune mais cela semble s'être essoufflé. I had a lot of gumption when I was young but now it seems to have all petered out.
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