Examples of insolvency in a Sentence
unless the economy improves, many resorts in the area face insolvency
Recent Examples of insolvency from the Web
And there are signs that the utility’s insolvency is already creating a humanitarian problem by delaying the restoration of electricity.
Four months after the island’s government sought protection from creditors in the nation’s largest municipal insolvency, the odds of a speedy resolution now appear to be dimming.
The reasons for Puerto Rico's financial insolvency are complicated, but essentially the local government defaulted on $72 billion in bonds beginning August 2015.
Medicare and Social Security are drawing closer to insolvency.
To have the governor go to teachers and tell them to make the sacrifice to fix the insolvency isn't right.
Fares at European carriers are improving after price cutting encouraged by declining fuel costs drove weaker companies including Alitalia SpA, Air Berlin Plc and the U.K.’s Monarch Airlines into insolvency this year.
About 2,900 employees who were laid off after the company’s insolvency filing in June did not receive severance payments.
Exclusive negotiations are set to continue until Oct. 12 as time presses on the insolvency administrators to reach a deal while there’s still funding to keep flights going.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'insolvency.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of insolvency
Financial Definition of INSOLVENCY
What It Is
In most usages, insolvency is the inability of a company or individual to meet its financial obligations as they come due. In the legal sense of the word, an entity is considered insolvent if its total liabilities exceed its total assets.
How It Works
In this case, the company must raise capital to pay its obligations via selling assets, borrowing, or somehow raising capital and/or reducing expenses.
If a company cannot meet its obligations, it may be forced to file for bankruptcy.
legal Definition of insolvency
Seen and Heard
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