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CEFR B2 — Upper-Intermediate

Insolvency

Definition

The state of being unable to pay debts or financial obligations, often resulting in bankruptcy or liquidation of assets.

Example Sentences

1The company's insolvency was caused by a combination of factors, including poor management and a decline in market demand.
2Is the airline's insolvency a sign of the industry's overall financial struggles?
3The family business was forced to declare insolvency after years of struggling to stay afloat.
4To avoid insolvency, the company needs to restructure its debt and reduce its operating costs.
5The government has introduced new laws to help prevent insolvency among small businesses and protect employees' rights.

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