die Privatinsolvenz
Translation
personal bankruptcy, consumer insolvency
Examples
Er musste Privatinsolvenz anmelden.
He had to file for personal bankruptcy.
Die Privatinsolvenz dauert mehrere Jahre.
The personal bankruptcy process takes several years.
Grammar Patterns
to file for personal bankruptcy He had to file for personal bankruptcy.
Similar Words
Synonyms: Verbraucherinsolvenz, Privatkonkurs; Antonyms: Zahlungsfähigkeit, Solvenz
Etymology
Composed of 'Privat' (private) and 'Insolvenz' (insolvency). It literally means 'private insolvency'.
Memory Tips
Think of a 'private' person who is 'insolvent' – unable to 'solve' their financial problems.