0 (especially of a company) the condition of not having enough money to pay debts, buy goods, etc., or an occasion when this happens: --
The country will face insolvency unless the government adopts cost-cutting measures.
Analysts are predicting that corporate and personal insolvencies could start rising next year.
1 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 insolvency The decision to file for insolvency rather than bankruptcy provides protection against creditors.
an insolvency expert/specialist/lawyer
We can complete it step by step however long the road is and it can't be completed however short the road is if you don't even mark your footprint.
Можем да го завършим стъпка по стъпка, колкото и дълъг да е пътят и не може да бъде завършен, колкото и кратък да е пътят, ако дори не маркирате отпечатъка си.