insolvency
🇺🇸
/ɪnˈsɑːlvənsi/
🇬🇧
/ɪnˈsɒlvənsi/
When someone or a company doesn't have enough money to pay their debts.
The company faced insolvency after several failed projects.
회사는 몇 가지 사업이 실패한 후 파산 상태에 직면했습니다.