Insolvency is the state of being unable to pay the money owed, by a person or
company, on ... than its assets, and actual insolvency is a synonym for the first
1 a : unable to pay debts as they fall due in the usual course of business b : having liabilities in excess of a reasonable market value of assets held.
a. Unable to meet debts or discharge liabilities; bankrupt. b. Insufficient to meet all debts, as an estate or fund. 2. Of or relating to bankrupt persons or entities. n.
Jan 25, 2013
What is the difference between Bankruptcy and Insolvency?
unable to pay debts owed:
When an individual or organization can no longer meet its financial obligations
with its lender or lenders as debts become due.