Learn more about this word
Die Insolvenz
The state of being unable to pay outstanding debts. It is more formal and legalistic than the colloquial Pleite.
Examples in context
Das Unternehmen musste leider Insolvenz anmelden.
The company unfortunately had to file for bankruptcy.
Nach der Insolvenz wurde die Firma komplett restrukturiert.
After bankruptcy, the company was completely restructured.
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