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Insolvent (Noun)

Meaning

Someone who has insufficient assets to cover their debts.

Classification

Nouns denoting people.

Examples

  • The company was declared insolvent and was therefore required to undergo liquidation proceedings.
  • Due to her growing debt and inability to make payments, Sarah was considered insolvent by her creditors.
  • After struggling financially for years, the once-thriving business owner was now insolvent and on the verge of bankruptcy.
  • During his bankruptcy hearing, it was determined that the entrepreneur was indeed insolvent and would need to sell off some of his remaining assets.
  • His failure to manage his personal finances effectively ultimately left him insolvent and with severe financial consequences.

Synonyms

  • Bankrupt

Hypernyms

  • Failure
  • Nonstarter
  • Unsuccessful Person
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