a. [ Pref. in- not + solvent: cf. OF. insolvent. ] (Law) (a) Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor. (b) Not sufficient to pay all the debts of the owner; as, an insolvent estate. (c) Relating to persons unable to pay their debts. [ 1913 Webster ]
Insolvent law, or Act of insolvency, a law affording relief, -- subject to various modifications in different States, -- to insolvent debtors, upon their delivering up their property for the benefit of their creditors; bankruptcy law. See Bankrupt law, under Bankrupt, a. [ 1913 Webster ]
[lomjom] (x) EN: become bankrupt ; go under ; become insolvent ; be broke ; be destitute ; be impoverished ; go to ruin ; collapse FR: être ruiné ; être insolvable
[lomlalāi] (n) EN: become bankrupt : go bankrupt ; become insolvent ; be insolvent; go broke ; go bust FR: faire faillite ; être en faillite ; faire banqueroute
a. [ Pref. in- not + solvent: cf. OF. insolvent. ] (Law) (a) Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor. (b) Not sufficient to pay all the debts of the owner; as, an insolvent estate. (c) Relating to persons unable to pay their debts. [ 1913 Webster ]
Insolvent law, or Act of insolvency, a law affording relief, -- subject to various modifications in different States, -- to insolvent debtors, upon their delivering up their property for the benefit of their creditors; bankruptcy law. See Bankrupt law, under Bankrupt, a. [ 1913 Webster ]
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