What does "Bankrupt" status mean?

Name: Company Data: Mekao 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 หมีขาว จำกัด

MEKAO COMPANY LIMITED

0205548009514 Company Limited

Bankrupt Est. 21 years 6 months ago

Address from juristic person registration

155/15 หมู่ที่ 9 ตำบลสัตหีบ อำเภอสัตหีบ จังหวัดชลบุรี 20180