Insolvent example sentences

"Insolvent" Example Sentences

The company became insolvent and had to shut down.
The bank refused his loan application because he was already insolvent.
Many farmers became insolvent during the drought.
The economic recession has left many small businesses insolvent.
The bank declared the business officially insolvent and seized its assets.
Due to mounting debts, the business was forced into insolvency.
The creditors forced the company into insolvency proceedings.
Insolvency occurs when liabilities exceed assets and income does not cover expenses.
The bankruptcies meant thousands became unemployed as the businesses became insolvent.
He declared himself insolvent and filed for bankruptcy.
They were forced to take action when the insolvent bank threatened the entire economy.
The need for a bailout indicated how insolvent the banks had become.
The firm's insolvency led creditors to lose millions of dollars.
The financial crisis wiped out many small investors as firms became insolvent.
Insolvency proceedings can lead to either liquidation or reorganization of the business.
The owners were ordered to pay back creditors after the company went insolvent.
Her debts were so overwhelming that she was effectively insolvent.
Their life savings were wiped out when the investment firm went insolvent.
The banks took control of the company's assets after it became insolvent.
Many businesses had to temporarily close due to being insolvent during the pandemic.
The government provided aid packages to prevent companies from going insolvent.
The country's foreign debt made it effectively insolvent.
Their company avoided insolvency by laying off half its staff.
Insolvency can be temporary if the business model is viable.
Their credit score dropped after they became insolvent and filed for bankruptcy.
The business partners disputed over responsibility after the firm went insolvent.
Investors lost confidence in the company due to its insolvency issues.
The cost of debts made the country's government technically insolvent.
Insolvency trustees administer the winding up of an insolvent business.
Their loans became due amidst the firm's insolvency proceedings.
The country avoided defaulting on its sovereign debt through an insolvency bailout.
An insolvent company is liable to pay back creditors as much as its remaining assets allow.
Many homeowners declared themselves insolvent after the housing market crash.
Their unpaid bills indicated they had become insolvent.
Insolvency laws protect creditors when a company becomes insolvent.
The bank monitored the company's finances to avoid insolvency.
The business remained profitable despite ongoing technical insolvency.
The massive losses rendered the entire company insolvent.
The project failed when the company running it went insolvent.
Insolvency caused many employees to lose their pensions and retirement funds.
The company narrowly avoided insolvency by reducing costs and laying off staff.
Problems stemming from insolvency can take years to resolve.
Insolvency forced many employers into an early retirement plan.
Accountants warned the company it was effectively insolvent.
Investors lost everything when the firm finally went insolvent.
The banks tried to restructure their debts to avoid insolvency.
Insolvency meant his creditors received only pennies on the dollar.
A temporary cash flow problem can lead to short-term insolvency.
Several businesses filed for insolvency due to unpaid bills during the pandemic.
The insolvent company's remaining assets were auctioned off to pay debts.
They were forced to file for personal insolvency due to overwhelming debts.
The retailer avoided insolvency through emergency financing.
He was forced into insolvency after his business failed.
Restrictions were placed on insolvent banks to protect depositors.
Insolvency meant the company could not meet obligations as they came due.
The company's mounting losses eventually resulted in insolvency.
Investors lost confidence due to the firm's ongoing insolvency issues.
The couple's credit card debt rendered them insolvent.
His refusal to address insolvency issues ruined his business partner's trust.
The start-up avoided insolvency through an emergency round of venture capital financing.

Common Phrases

Declare oneself insolvent - To officially state that one's liabilities exceed assets, making one unable to pay debts.
Go insolvent - When a company or individual is no longer able to pay their debts and meet financial obligations.
File for insolvency - To apply for legal protection from creditors through an insolvency proceeding.
Act of insolvency - Legally defined actions that indicate an individual or business is insolvent.
Insolvency proceeding - The legal process through which an insolvent debtor's assets are distributed to creditors.
Technically insolvent - When liabilities exceed assets but the company or individual is still operational due to financing from creditors.
Insolvent debtor - An individual or business that owes more money than they can pay.
Insolvency trustee - A licensed professional who administers the winding up of an insolvent business.
Insolvency practitioner - A general term for professionals dealing with insolvency, including trustees, lawyers and accountants.
Insolvency protection - Legal rules protecting creditors when a company or person becomes insolvent.