Insolvency
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
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.
can minor be insolvent
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.
The opposite of solvent is insolvent. Insolvent refers to a person or organization that is unable to pay debts owed.
Broke, bankrupt, penniless
A company can not still trade while insolvent. If a company does trade during this time the directors of the company can become responsible for the debts.