(especially of a company) the condition of not having enough money to pay debts, buy goods, etc., or an occasion when this happens

The country will face insolvency unless the government adopts cost-cutting measures. 这个国家将面临破产，除非政府采取措施削减开支。

Analysts are predicting that corporate and personal insolvencies could start rising next year. 分析家预测下一年企业及个人破产情况可能会开始增多。