insolvent
A growing number of companies in the country are affected by insolvency and redundancy.
Repossessions, bankruptcies and insolvencies are almost certain to continue to rise.
The company has asked a court to begin insolvency proceedings.

insolvency | Business English

insolvency
noun[ C or U ]
uk /ɪnˈsɒlvənsi/uspluralinsolvencies
FINANCE, ACCOUNTING, LAW
a situation in which a person or company does not have enough money to pay debts, buy goods, etc.:
The company warned that it may have to seek insolvency proceedings, which would see creditors recover only a small amount of their liabilities.
The building owners agreed to contribute to the union's health plan to rescue it from insolvency.
go into/file for/face insolvencyThe decision to file for insolvency rather than bankruptcy provides protection against creditors.
to stave off/avoid insolvency
an insolvency expert/specialist/lawyer

Examples of insolvency

insolvency
In reality most adjustments to insolvency have not been distributionally neutral.
The aim is to ensure adequate diversification, thus protecting the beneficiaries against insolvency of the sponsor and investment risks.
This ' ' menu of pain ' ', is, in effect, a demonstration of the nation's insolvency.
Their lack of knowledge and competence in commercial law, bankruptcy and insolvency procedures, made decision-making highly unpredictable.
A crisis in any one year would thus precipitate insolvency.
If the cumulated value of premiums is insufficient to cover the cumulated value of claims, the insurance firm faces insolvency.
Only two of the farms in the sample show no insolvency, but these showed frequent transfers nevertheless.
Is it possible to draft uniform insolvency or copyright laws for countries with different legal cultures and traditions or different models of insolvency regimes?
Under uncertainty about possible insolvency of the firm and the risk premium they have to pay, workers are not able to work as creditors.
The aim is to protect beneficiaries against insolvency of operators and investment risks, by ensuring adequate diversification of assets.
Insolvency was a routine occurrence in the histories of individual farms and landholding was fundamentally unstable.
Accountants now work in many different roles: as consultants, auditors, tax advisers and insolvency practitioners.
Most striking about transfers in this ward was the frequency with which they were a direct result of insolvency.
As a result many societies faced insolvency by 1900, but it was virtually impossible for prospective members to know which were safe to join.
Discourses of luxury led to conclusions about individual insolvency.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.