go broke

go broke

to completely run out of money and other assets. This company is going to go broke if you don't stop spending money foolishly. I made some bad investments last year, and it looks as if I may go broke this year.
See also: broke

go broke

Also, go bust. Undergo financial collapse, lose most or all of one's money. For example, The company's about to go broke, or The producer of that movie went bust. The first expression dates from the mid-1600s; the second, slangier variant dates from the mid-1800s.
See also: broke
References in classic literature ?
Other sourdoughs, who had struck it rich in excess of all their dreams, shook their heads gloomily, warned him that he would go broke, and declined to invest in so extravagant a venture.
TEHRAN (FNA)- The United States will go broke by the Obama administration's policy of making new wars around the world, former US congressman Ron Paul said.
DAVA channel failing to sign Kerry Katona and Martine McCutcheon for 24 Hours To Go Broke.
They need to raise this money -- the banks need to be recapitalised or they'll go broke.
THE Tanaiste claimed yesterday the country could go broke if the Fiscal Compact referendum is not passed.
It's natural to become frustrated, but what separates the good players from the bad is the ability to control this frustration and not go broke.
government down the same road as that of General Motors and go broke if the healthcare system is not reformed.
WEDGEWOOD didn't go broke because of the world recession, it went broke when it outsourced its quality to the cheap labour market in the east.
A RECORD 150,000 people will go broke next year as unemployment soars, an expert has claimed.
It's not a situation where the hospital will go broke if they keep this up.
I would go broke if I tried to come up with my own patent.
To wish that our team would go broke and fold is just sick from one socalled football fan to another.
THOUSANDS of music fans won't go broke at next weekend's T In The park festival - thanks to the Sunday Mail.
Louis Post-Dispatch noted sarcastically, "Now that Missouri and Oklahoma have pulled their prisoners out of CCRI-run jails in Texas, the company is about to go broke.