insolvent

UK /ɪnˈsɒlv.ənt/ US /ɪnˈsɑːɫv.ənt/
adj 3noun 1

Definitions

adj

1

Unable to pay one's bills as they fall due.

an insolvent debtor

Pathfinder is keen to stress it is not insolvent, but owner Barry Cordell, who is in his late 80s, has decided he can no longer bankroll the company.

2

Owing more than one has in assets.

3

Not sufficient to pay all the debts of the owner.

an insolvent estate

noun

1

One who is insolvent; an insolvent debtor.

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