die Insolvenz
Translation
insolvency, bankruptcy
Examples
Die Firma meldete Insolvenz an.
The company filed for bankruptcy.
Viele Gläubiger sind von der Insolvenz betroffen.
Many creditors are affected by the bankruptcy.
Grammar Patterns
Insolvenz anmelden to file for bankruptcy Die Firma musste Insolvenz anmelden.
Similar Words
Synonyms: Bankrott, Pleite, Zahlungsunfähigkeit; Antonyms: Solvenz, Zahlungsfähigkeit.
Etymology
From Latin 'in-' (not) + 'solvens' (paying), meaning 'not paying'. It shares a root with the English word 'solve'.
Memory Tips
Imagine being 'IN-SOLV-ent': you're IN a financial problem you can't SOLVE.