insolvents
Those financially ruined
Insolvents are people or entities unable to pay their debts.
The term appears in legal and financial contexts, often as a collective noun for those undergoing bankruptcy proceedings: The court appointed a trustee to oversee the insolvents' remaining assets.
An insolvent person or company has liabilities exceeding assets, or cannot meet obligations as they come due.
Overdue financial obligations
- defaultersThose who fail obligations
- delinquencyCriminal or neglectful behavior
- overduePast expected arrival
- unpaidNot yet compensated
liabilities · indebtedness · nonpayment · owing · collections · dunning · borrowers · repayment
Those owed payment
- debtorOne who owes
- trusteeOne managing another's assets
- petitionFormal written appeal
- dischargeRelease of substance outward
receivership · reorganization · court · adjustment · bankrupt · filing · estate · schedules
Formal business dissolution
- liquidatorOne who dissolves entities
- dissolutionBreaking up completely
- auctionCompetitive public sale
- realizationGrasping what's true
distribution · closure · divestment · compulsory · dividend · appointee · proceeds
arrears
Overdue financial obligations
- defaultersThose who fail obligations
- delinquencyCriminal or neglectful behavior
- overduePast expected arrival
unpaid · liabilities · indebtedness · nonpayment · owing · collections · dunning · borrowers · repayment · deficit
creditors
Those owed payment
discharge · receivership · reorganization · court · adjustment · bankrupt · filing · estate · schedules · exemptions
winding-up
Formal business dissolution
- liquidatorOne who dissolves entities
- dissolutionBreaking up completely
- auctionCompetitive public sale
realization · distribution · closure · divestment · compulsory · dividend · appointee · proceeds
insolventssolvents
Liquids that dissolve substances
creditors · billionaires · millionaires · lenders · investors
- financial insolvencyInability to pay obligations
- insolvency resolutionSettling debts of failing entities