Example: Die Firma meldete wegen Schulden die Insolvenz an.
Definition
"Die Insolvenz" refers to the legal state in which a company or individual is unable to pay their debts, leading to formal proceedings to manage or eliminate the debts. For example, a company may declare "die Insolvenz" when it cannot meet its financial obligations.
The word "die Insolvenz" comes from the Latin 'insolventia,' meaning 'inability to pay.' It entered German through legal and financial language, emphasizing the state of financial failure or bankruptcy. Did you know? The term highlights not just debt, but the incapacity to fulfill those debts.
Learn to use this word actively
"Die Insolvenz" appears in the Vocaplus list "German - Entrepreneurship - (A1-C2) - set 1", containing 109 commonly used words.
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