English-Spanish translations for insolvency
- insolvencia¿Dejar que ese país caiga en un problema de insolvencia? To leave the country to collapse into insolvency? Procedimientos de insolvencia en el marco del derecho europeo de sociedades ( Insolvency proceedings in the context of EU company law ( El segundo punto importante se refiere al procedimiento de insolvencia. The second important point concerns insolvency procedures.
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
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