
die Pleite
bankruptcy
Colloquial term for the financial collapse or bankruptcy of a person or company.
Die Baufirma hat letztes Jahr Pleite gemacht.
The construction company went bankrupt last year.
bankruptcy / flop
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bankruptcy
Colloquial term for the financial collapse or bankruptcy of a person or company.
Die Baufirma hat letztes Jahr Pleite gemacht.
The construction company went bankrupt last year.

flop / failure
Colloquial term for a general failure, a flop, or a major disappointment.
Das groß angekündigte Konzert war eine totale Pleite, es kamen kaum Zuschauer.
The heavily advertised concert was a total flop; hardly any spectators came.
'Pleite' (bankruptcy/flop) is a word used mainly in spoken language and informal situations. It is a very common everyday expression.
Ich kann nicht mit ins Kino, ich bin diesen Monat pleite.
I can't come to the cinema; I'm broke this month.
For financial collapse, 'Pleite' (bankruptcy) is almost always used in fixed expressions. The most common are 'Pleite gehen' (to go bankrupt), 'Pleite machen' (to go bankrupt), and 'Pleite sein' (to be bankrupt/broke).
Nachdem der Hauptkunde abgesprungen war, ist die Agentur Pleite gegangen.
After the main client backed out, the agency went bankrupt.
To describe a general failure, 'Pleite' (flop/failure) is often intensified with adjectives like 'total' (total), 'riesig' (huge), or 'glatt' (complete). It expresses major disappointment.
Die Party war eine totale Pleite, weil die Musik so schlecht war.
The party was a total flop because the music was so bad.
defeat
Die Niederlage and die Pleite can both refer to losing a game or to a failure. Niederlage is the neutral term, whereas Pleite is colloquial and usually conveys a stronger sense of disappointment or evaluation. Use Niederlage in factual statements and Pleite in informal, evaluative language.

Nach der Pleite im Halbfinale war die Mannschaft sehr enttäuscht.
After the semifinal flop, the team was very disappointed.
Nach der Niederlage im Halbfinale analysierte die Mannschaft ruhig ihre Fehler.
After the defeat in the semifinals, the team calmly analyzed its mistakes.