Dictionary definition of insolvent

1. He was unable to pay his bills and was declared insolvent by the court.
2. She was forced to sell her assets as she became insolvent after the stock market crash.
3. The company was found to be insolvent due to a lack of revenue.
4. He was declared insolvent after his investments went bad.
5. The small business owner was declared insolvent after the pandemic hit.
6. Despite their best efforts, the business remained insolvent, unable to cover its debts and operational costs.
7. The family faced a dire financial situation, rendering them insolvent and on the brink of losing their home.
8. The company's insolvency was a result of poor financial management and a sharp decline in sales.
9. In the face of insolvency, the CEO had to make the difficult decision to lay off a significant portion of the workforce.
10. The once-prosperous restaurant struggled to attract customers and fell into insolvency, ultimately closing its doors.
11. The government stepped in to bail out the insolvent bank, preventing a potential financial crisis.
12. John's insolvency forced him to sell off his assets, including his beloved vintage car collection.
13. Insolvency proceedings can be complex, involving negotiations with creditors and potential asset liquidation.
14. The construction industry faced a wave of insolvencies as many projects came to a halt during the economic downturn.
15. The business owner's reckless spending habits contributed to the company's insolvency.
16. The insolvency of the airline resulted in the cancellation of numerous flights and the inconvenience of travelers.
17. Creditors filed a lawsuit against the insolvent debtor to recover their outstanding loans.
18. The insolvency crisis highlighted the need for stricter financial regulations and oversight.
19. She was devastated by the sudden insolvency of the nonprofit organization she had dedicated years to.
20. Personal insolvency can have lasting consequences on one's credit and financial future.
21. The company's insolvency led to a scramble to find a buyer who could salvage its assets and operations.
22. Despite facing insolvency, the business owner remained hopeful about turning things around with a new strategy.
23. The government implemented measures to prevent the insolvency of critical infrastructure projects.
24. Insolvency can be a challenging and emotionally taxing experience, requiring legal and financial assistance.
25. The board of directors convened an emergency meeting to address the imminent insolvency of the company.