The abstract noun form of the verb 'bankrupt' is bankruptcy.The noun 'bankrupt' is an concrete noun as a word for a person who has officially admitted that they have no money and cannot pay what they owe, or judged insolvent by a court.
Carla just went into insolvent because she couldn't repay her $400, 000 loan. or My sister is in her first year of college, she would be insolvent if my parents weren't paying the bills.
penniless, short, ruined, bust, bankrupt, impoverished, in the red, insolvent
It means poor, in a state of poverty. Synonyms can include destitute, bankrupt, broke, needy, or insolvent.
Proper noun
can minor be insolvent
The abstract noun form of the verb 'bankrupt' is bankruptcy.The noun 'bankrupt' is an concrete noun as a word for a person who has officially admitted that they have no money and cannot pay what they owe, or judged insolvent by a court.
An insolvent estate is one with no value to it. The debts are greater than the assets. Therefore, it does not make sense to purchase an insolvent estate.
A bank that can not pay its account holders when they request payment is insolvent.
No. It can be wound up. In India, only individuals can be declared insolvent.
No. Nor is it insolvent.
insolvent
NO! A sovereign country with it's own currency cannot actually become insolvent in the way that a an individual, a household, or a corporation can.
Carla just went into insolvent because she couldn't repay her $400, 000 loan. or My sister is in her first year of college, she would be insolvent if my parents weren't paying the bills.
Broke, bankrupt, penniless
An insolvent estate is a the property of a deceased individual that has more debts than assets. Often the property must be sold to cover those debts.
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account