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insolvency

/ɪnˈsɒlvənsi/

/ɪnˈsɑlvənsi/

Translations

insolvencynoun

insolvencies

The court handled the insolvency case with urgency.

Суд срочно рассмотрел дело о банкротстве.

The company declared insolvency due to its inability to pay debts.

Компания объявила о несостоятельности из-за неспособности выплатить долги.

Additional translations

Synonyms

financial distress

insolvable state

insolvencyadjective

/ɪnˈsɒlvənsi/

/ɪnˈsɑlvənsi/

Used attributively before another noun (e.g., "insolvency proceedings").

insolvencynoun

The state of being unable to pay debts owed.

The company declared insolvency after failing to meet its financial obligations.

(Accounting) The condition in which an entity's liabilities exceed its assets, whether or not it can meet current payment obligations.

Balance-sheet insolvency can exist even when a company is still paying its bills on time.

insolvencyadjective

Relating to or concerned with insolvency or insolvent situations.

The firm hired an insolvency lawyer to handle the restructuring.