Insolvency
Insolvency is a jural state of a cause or remaining entity that cannot give the debts it owes to creditors . In most jurisdictions, insolvency is imposed by a grounds arrangement, oftentimes initiated by the debtor. Insolvency is not the only legal state that an bankrupt someone or separate entity may tally, and the term bankruptcy is thence not a synonym for insolvency. In any countries, including the Federate Domain , bankruptcy is constricted to individuals , and other forms of insolvency proceedings (specified as termination and tenure) are practical to companies. In the Integrated States, bankruptcy is applied many broadly to stiff insolvency transactions .