The company declared insolvency after failing to pay its debts for several months.
该公司在数月未能偿还债务后宣布破产。
Insolvency can lead to a company being liquidated, with assets sold off to repay creditors.
破产可能导致公司被清算,资产被出售以偿还债权人。
The economic downturn has resulted in a surge of personal
insolvencies across the country.
经济衰退导致全国个人破产数量激增。
Filing for bankruptcy is often the last resort for individuals facing insurmountable debt.
申请破产通常是个人面对无法克服的债务时的最后手段。
The small business struggled with cash flow issues and eventually had to close due to insolvency.
这家小企业因现金流问题挣扎,最终因资不抵债而关闭。
Insolvency procedures vary from country to country, but typically involve a legal process to resolve debt.
破产程序各国不同,但通常涉及解决债务的法律程序。
After years of financial mismanagement, the once-thriving corporation was declared insolvent.
经过多年的财务管理不善,这家曾经繁荣的公司被宣布破产。
Insolvency doesn't necessarily mean the end of a business; restructuring and turnaround strategies can be implemented.
破产并不一定意味着企业的终结;可以实施重组和转危为安的策略。
The rise in
insolvencies highlights the need for better financial education and support for entrepreneurs.
破产案件的增加凸显了对企业家进行更好的金融教育和支持的必要性。
Early detection of financial distress can prevent businesses from slipping into insolvency.
早期发现财务困境可以防止企业陷入破产。
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