financial insolvency
Cannot pay debts
Financial insolvency is the state of being unable to pay debts as they come due, or having liabilities that exceed assets.
It's the technical term for what people mean when they say someone is broke or underwater: The company filed for bankruptcy after months of financial insolvency.
Insolvency may be temporary or signal impending collapse.
- mismanagementIncompetent handling of responsibilities
- overleveragingExcessive debt accumulation
- debt spiralSelf-perpetuating financial decline
- going underFailing or submerging
- bankruptcy codeStatutes governing debt discharge
creditors · debtors · red ink · foreclosure · underwater mortgage · employees · notice · reputational damage · debt consolidation · pawn · fire sale · balance sheet · shareholders · market volatility · economic recession · legal disputes · suppliers · defaulting
financial insolvencysolvency
Capacity to pay debts
financial solvency · creditworthiness · liquidity · fiscal health · good standing
financial insolvencywealth
Abundance of valuable resources
affluence · prosperity · riches · fortune · opulence
financial insolvencyfinancial security
Reliable access to funds
prosperity · affluence · wealth · economic stability · fiscal stability
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