채무를 갚을 능력이 없는 상태 또는 그러한 법적 상태.
The state of being unable to pay one's debts as they fall due, or having liabilities that exceed the value of assets.
예문:
"The company filed for insolvency after failing to secure a bridge loan."
"Rising interest rates have pushed many small businesses toward insolvency."
"The liquidator was appointed to manage the firm's insolvency proceedings."