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In·sol·ven·cy

/inˈsälvənsē/

noun
- 1. the state of being insolvent; inability to pay one's debts: "the club was facing insolvency"
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Insolvency
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State of being unable to pay the debts at maturity by a person or company
In accounting, insolvency is the state of being unable to pay the debts, by a person or company (debtor), at maturity; those in a state of insolvency are said to be insolvent. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. Wikipedia
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