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insolvency
noun
in·sol·ven·cy (ˌ)in-ˈsäl-vən(t)-sē 
-ˈsȯl-
: the fact or state of being insolvent : inability to pay debts
Synonyms
Example Sentences
unless the economy improves, many resorts in the area face insolvency
Recent Examples on the Web Cineworld is expected to start a chapter 11 proceeding in the U.S. and is considering an insolvency process in the U.K., the report said. 
Etan Vlessing, The Hollywood Reporter, 19 Aug. 2022 One of its subsidiaries filed for bankruptcy in 2021 and entered a Mexican insolvency process two months ago. Alexander Saeedy, WSJ, 13 June 2022 For the remainder of the shortfall–a sum of $440 million–the Arcadia pension is an unsecured creditor and therefore will have to wait in line with the rest of those to whom Arcadia owes money, until the end of the insolvency process. David Dawkins, Forbes, 16 Apr. 2021 Large cash withdrawals or outflows to the U.S. could strain domestic bank liquidity and potentially tip weaker banks into insolvency. Fortune, 8 June 2022 Goh was the former president of Dream Cruises, among the companies that went into liquidation after parent Genting Hong Kong failed to secure financing when its German shipyard unit MV Werften went into insolvency. Jonathan Burgos, Forbes, 18 May 2022 The trust’s absorption of two French companies, Pathé and Georges Méliès’s Star Films, drove many filmmakers into insolvency, including Méliès, who by the mid-1920s was selling candy from a stall at Gare Montparnasse. Nat Segnit, Harper’s Magazine , 16 Mar. 2022 The cooperative fell into insolvency after racking up a $1.9 billion bill as a result of energy price hikes during Winter Storm Uri, and has gone to trial in the Southern District of Texas Bankruptcy Court in hopes of having some of its debts eased. Dan Carson, Chron, 24 Feb. 2022 Supply curtailments forced the company to buy gas in the spot market to fulfill contracts, pushing it to the edge of insolvency. Anna Shiryaevskaya, Bloomberg.com, 17 Aug. 2022 See More
Etan Vlessing, The Hollywood Reporter, 19 Aug. 2022 One of its subsidiaries filed for bankruptcy in 2021 and entered a Mexican insolvency process two months ago. Alexander Saeedy, WSJ, 13 June 2022 For the remainder of the shortfall–a sum of $440 million–the Arcadia pension is an unsecured creditor and therefore will have to wait in line with the rest of those to whom Arcadia owes money, until the end of the insolvency process. David Dawkins, Forbes, 16 Apr. 2021 Large cash withdrawals or outflows to the U.S. could strain domestic bank liquidity and potentially tip weaker banks into insolvency. Fortune, 8 June 2022 Goh was the former president of Dream Cruises, among the companies that went into liquidation after parent Genting Hong Kong failed to secure financing when its German shipyard unit MV Werften went into insolvency. Jonathan Burgos, Forbes, 18 May 2022 The trust’s absorption of two French companies, Pathé and Georges Méliès’s Star Films, drove many filmmakers into insolvency, including Méliès, who by the mid-1920s was selling candy from a stall at Gare Montparnasse. Nat Segnit, Harper’s Magazine , 16 Mar. 2022 The cooperative fell into insolvency after racking up a $1.9 billion bill as a result of energy price hikes during Winter Storm Uri, and has gone to trial in the Southern District of Texas Bankruptcy Court in hopes of having some of its debts eased. Dan Carson, Chron, 24 Feb. 2022 Supply curtailments forced the company to buy gas in the spot market to fulfill contracts, pushing it to the edge of insolvency. Anna Shiryaevskaya, Bloomberg.com, 17 Aug. 2022 See More Word History
First Known Use
1660, in the meaning defined above
Time Traveler
The first known use of insolvency was in 1660 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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