insolvent
/ɪnˈsɑlvənt/
adjective
- Unable to pay debts when they are due.
- Many homeowners were left insolvent after the housing market crashed.
- The court declared the company insolvent and ordered its assets sold.
- The store became insolvent after months of poor sales.
Antonyms
noun
- A person or organization that is unable to pay their debts.
- The bank offered a repayment plan to help insolvents avoid bankruptcy.
- The new law protects insolvents from losing all their property.
- The charity provides free legal advice for insolvents.