English-Polish translations for insolvency

• bankructwo
  Skazać to państwo na bankructwo? To leave the country to collapse into insolvency?
• niewypłacalność
  Potrzebujemy mechanizmu, który pozwoli państwom-bankrutom ogłosić prawdziwą niewypłacalność, po czym usunie je ze strefy euro. We need a mechanism that enables bankrupt states to have genuine insolvency and then also removes these states from the euro area.

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