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  2. insolvency vs bankruptcy

different between insolvency vs bankruptcy

insolvency

English

Etymology

insolvent +? -cy

Pronunciation

  • IPA(key): [?n?s?lvn?si]

Noun

insolvency (countable and uncountable, plural insolvencies)

  1. (finance) 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.
  2. Insufficiency to discharge all debts of the owner.
  3. The condition of having more debts than assets.

Antonyms

  • solvency

Translations

insolvency From the web:

  • what insolvency means
  • what insolvency practitioners do
  • what insolvency professionals do
  • what insolvency law
  • what insolvency do
  • what insolvency insurance
  • what insolvency means in law
  • what insolvency means in arabic

bankruptcy

English

Etymology

bankrupt +? -cy

Pronunciation

  • IPA(key): /?bæ?k??pts?/

Noun

bankruptcy (countable and uncountable, plural bankruptcies)

  1. (finance) A legally declared or recognized condition of insolvency of a person or organization.

Derived terms

  • bankr.
  • bankruptcy order
  • moral bankruptcy
  • pre-packaged bankruptcy

Related terms

  • bankrupt

See also

  • depression, economic downturn, financial crisis, insolvency, recession
  • insolvent, receivership
  • (slang) broke, bust, belly up
  • (verb) (slang) go broke, go bust, go belly up

Translations

bankruptcy From the web:

  • what bankruptcy chapter should i file
  • what bankruptcy wipes out debt
  • what bankruptcy clears all debt
  • what is chapter 7 bankruptcies
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