I think you could say "the continued operation of the bankrupt's business". "Fallido" means bankrupt, and "giro" is basically business operations. It means continuing to trade while bankrupt.

This is on Chile:
"The trustee or two or more creditors may propose at any time the continued operation, either in whole or in part, of the bankrupt’s business (continuación efectiva del giro del fallido), for a term which may not extend more than one year, although it may be extended by the meeting of creditors once only for an additional one-year period. The continuation of the bankrupt’s business operation needs be approved at a meeting of creditors, by creditors entitled to vote representing at least two-thirds of the bankrupt’s outstanding claims. (See Art 112 of the Bankruptcy Act.)"
http://www.europeanlawyer.co.uk/referencebooks_6_195.html

"24.57 Carrying on business
The official receiver should not be influenced by the bankrupt or any creditor to carry on trading after the bankruptcy order. The official receiver should invariably close the business whilst he/she considers the merits of continuing to trade. The bankrupt or the official receiver may put an appropriate sign at the business premises. A business should not be carried on unless the official receiver is satisfied that to do so will be beneficial to the creditors in general and he/she has obtained a satisfactory indemnity, supported by a cash deposit, to cover any resultant losses. If the official receiver proposes to carry on the business without such cover Technical Section must be consulted first. Further advice on continuing a bankrupt’s business can be obtained from Chapter 62 and Chapter 2 part 2."
http://www.insolvencydirect.bis.gov.uk/freedomofinformation/...