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Bankruptcy is the legal process that occurs when a company can no longer meet its financial obligations, leading to the liquidation of its assets to pay creditors. The term is on the rise in Brazil, especially in Santa Catarina, due to recent news about the bankruptcy of traditional companies, such as an industry in Joinville and a factory in the plastics sector. These companies faced million-dollar debts and crises that resulted in auctions of their assets. Situations like these highlight the economic challenges faced by established businesses and the impact on jobs and the local economy.