0 (especially of a company) the condition of not having enough money to pay debts, buy goods, etc., or an occasion when this happens: --
Analysts are predicting that corporate and personal insolvencies could start rising next year.
The country will face insolvency unless the government adopts cost-cutting measures.
1 a situation in which a person or company does not have enough money to pay debts, buy goods, etc.: --
an insolvency expert/specialist/lawyer
go into/file for/face insolvency The decision to file for insolvency rather than bankruptcy provides protection against creditors.
The building owners agreed to contribute to the union's health plan to rescue it from insolvency.
The company warned that it may have to seek insolvency proceedings, which would see creditors recover only a small amount of their liabilities.
Discourses of luxury led to conclusions about individual 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.
Most striking about transfers in this ward was the frequency with which they were a direct result of insolvency.
Accountants now work in many different roles: as consultants, auditors, tax advisers and insolvency practitioners.
Insolvency was a routine occurrence in the histories of individual farms and landholding was fundamentally unstable.
The aim is to protect beneficiaries against insolvency of operators and investment risks, by ensuring adequate diversification of assets.
Under uncertainty about possible insolvency of the firm and the risk premium they have to pay, workers are not able to work as creditors.
Is it possible to draft uniform insolvency or copyright laws for countries with different legal cultures and traditions or different models of insolvency regimes?