Many established firms were facing bankruptcy.是什么意思？

Many established firms were facing bankruptcy.

许多成熟的企业正面临倒闭。

many

adj. 许多，多的；pron. （与复数动词连用）大多数人；

例句
There are many people who still find the act of abortion abhorrent.
仍有很多人对堕胎行为表示厌恶。

established

adj. 已建立的，已设立的，已制定的，确定的；v. 建立（ establish的过去式和过去分词），确定，[植物学]使（植物）定植，使成为；

例句
Forster established the essentiality of minerals as accessory food factors required for maintaining life.
福斯特证实了矿物质作为辅助食物因子在维持生命方面的重要性。

firms

n. 公司( firm的名词复数 )，（价格稳定的）市场，球迷帮（一帮衣着时髦、鲁莽无知、常使用暴力的英国足球迷），[商业]实盘；

例句
The most acquisitive firms tend to be engineering groups.
最贪得无厌的公司往往是工程队。

were

be的过去时复数和第二人称单数形式，有时代替 was,用于条件从句、动词 wish 之后等；

例句
Shops, houses, and vehicles were set ablaze.
店铺、房子和车辆全都陷于火海。

facing

n. 饰面，覆盖（如墙壁的）表面的覆饰，（衣服的）贴边；v. 面对( face的现在分词 )，面向…，正视，承认；

例句
There are no easy answers to the problems facing the economy...
解决经济所面临的问题并非易事。

bankruptcy

n. 破产，倒闭，彻底失败，（勇气）完全丧失；

例句
The massacre laid bare the moral bankruptcy of the regime.
大屠杀使该政权的道德沦丧暴露无遗。