What does "Bankrupt" status mean?

Name: Company Data: The Benjama Insurance Company Limited
Creator: ThaiBizIndex
License: https://www.thaibizindex.com/disclaimer

"Bankrupt" means the company has been declared bankrupt by the court due to insolvency.

บริษัท เบ็ญจมประกันภัย จำกัด

THE BENJAMA INSURANCE COMPANY LIMITED

0105496002850 Company Limited

Bankrupt Est. 73 years 2 months ago

Address from juristic person registration

191 ถนนทรงวาด เขตพระนคร กรุงเทพมหานคร 10200