Cách sử dụng
Insolvency refers to a situation where an individual or business is unable to pay the money they owe to others. It is generally used when a person or a company runs out of money and cannot pay their debts or bills. It is a serious financial problem that requires professional help and legal intervention to manage. The term 'insolvency' can be applied to both individuals and businesses, and it is often used in the context of bankruptcy proceedings. When someone is insolvent, they may need to sell their assets, negotiate with creditors, or file for bankruptcy to get back on their financial feet.