The company faced insolvency due to mismanagement.
Personal insolvency can have serious consequences.
Creditors may file for insolvency against a debtor.
The insolvency process can be complex and lengthy.
The business's insolvency was a result of declining sales.
He faced personal insolvency after a series of financial setbacks.
Insolvency laws vary from country to country.
The company's insolvency was announced in the press.
The court appointed a trustee to handle the company's insolvency.
The insolvency proceedings resulted in the closure of the business.
One year later, Eik bank declared insolvency and was taken over by the state.
Gelsenkirchen's solar-energy ambitions took a knock in February when Scheuten Solar, a Dutch owned-company, filed for insolvency.
Banking union would also sever the venomous connections that transmit insolvency from banks to governments and vice versa.
Insolvency is fatal, and only resolvable by bankruptcy or bail-outs.
There are two ways they do so: illiquidity or insolvency.
Anil was forced to sell Reliance Communications to his brother about a year ago to avoid insolvency.
Corporate insolvencies rose by more than 8% in the year's second quarter, compared with the first, and have reached their highest since 2015.
The final crash came in 1907, when the Metropolitan, a wrecked and plundered shell, confessed insolvency and went into a receivership.
A judge has started hearing arguments in the largest municipal insolvency case in the United States with the once booming city of Detroit seeking bankruptcy protection.
Market-watchers now wonder whether all this pressure will lead to insolvencies, which happen when the value of an institution's assets falls below its liabilities.
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