English-Finnish translations for insolvency

• maksukyvyttömyys
  Esillä oli muitakin ehdotuksia, kuten järjestelty maksukyvyttömyys. There were other proposals on the table, such as a structured insolvency.
  Kreikan ja Irlannin jälkeen myös muita euroalueen maita uhkaa maksukyvyttömyys. After Greece and Ireland, other euro area countries, too, face the risk of insolvency.
  Kolmanneksi maksukyvyttömyys on määritelty selkeästi uudelleen, jotta se kattaisi kaikki kollektiiviset maksukyvyttömyysmenettelyt eikä ainoastaan klassista varattomuusmenettelyä. Thirdly, it is the clearest redefinition of the meaning of insolvency so as to include any collective insolvency proceedings and not just traditional bankruptcy proceedings.

Definition of insolvency

• The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business
• Insufficiency to discharge all debts of the owner
• The condition of having more debts than assets

Examples

• The company faces insolvency
• the insolvency of an estate

Related words

• insolvency administrator
• insolvency practitioner
• insolvency of the debtor