The business 'went belly-up' [=went bankrupt] during the long recession.
The team 'went belly-up' in the play-offs.
a middle-aged man with a big 'beer belly'
(..) he will die for sure. What are we gonna do, man? We can't take him to the hospital. Without medical attention, he might not live through the night. The bullet in his belly is my fault. While that might not mean jack shit to you, it means a hell of a lot to me. First things first, okay? (..)1992 Reservoir Dogs
(..) for what you're tryin' to do. I was panicking for a minute back there. But I got my senses back now. The situation is, I'm shot in the belly. Without medical attention, I'm gonna die. - I can't take you to a hospital. - Fuck jail, man! You don't have to take me in. (..)1992 Reservoir Dogs