The company declared bankruptcy after years of struggling to stay afloat.
这家公司经过多年的挣扎求生后宣告破产。
He was left
insolvent when his business venture failed miserably.
他的商业冒险惨败后，他变得一贫如洗。
The bank had to be rescued by the government due to its
insolvent state.
由于资不抵债，这家银行不得不由政府救助。
After losing the lawsuit, the defendant was declared
insolvent.
输了官司后，被告被宣布无力偿债。
Many homeowners found themselves
insolvent following the housing market crash.
房地产市场崩溃后，许多房主发现自己资不抵债。
Insolvent companies often seek protection from creditors through Chapter 11 bankruptcy.
资不抵债的公司常通过申请第11章破产来寻求债权人保护。
The economic downturn left several major retailers
insolvent.
经济衰退使得几家大型零售商陷入资不抵债的境地。
Filing for bankruptcy is typically a last resort for individuals who are
insolvent.
申请破产通常是个人在资不抵债时的最后手段。
The charity organization faced insolvency due to mismanagement of funds.
由于资金管理不善，该慈善组织面临破产。
His reckless spending habits led him down the path of insolvency.
他挥霍无度的习惯使他走上了破产的道路。
If the court finally issues a winding up order, the company is declared to be in insolvent liquidation.
如果法院最终发布清盘令，公司将被宣布破产清算。
Zhongzhi Enterprise Group is insolvent and faces major risks in continuing operations, the private investment conglomerate told investors in an open letter on Wednesday.
中植企业集团周三在一封公开信中对投资者表示，中植企业集团资不抵债，继续经营面临重大风险。
Zhongzhi Enterprise Group, a private investment conglomerate in China, told its investors in an open letter on Wednesday that the company is severely insolvent and faces major risks to continue operations.
周三，中国私人投资集团中植企业集团在一封公开信中告诉投资者，该公司严重资不抵债，继续运营面临重大风险。
China's insurance law stipulates that an insurance firm can be taken over by regulators if it is insolvent, or illegal activities hurt the public interests and threaten its solvency.
Chinese businessman Jonathan Pang has joined a growing list of investors offering to buy the insolvent German carrier Air Berlin, German newspaper BILD reported on Wednesday.
The German government has provided the insolvent company with a credit facility of 150 million euros ($179.8 million) to ensure continuity of operations until a buyer is found.
The stakeholders must promote insolvent institutions to exit the market in an orderly and market-based way, bearing the loss through measures like waiving/transferring the institutions' shareholder rights and offering discounts on large-sum creditor claims, he said.
"South Korea had a crisis in 1997 and it wasn't insolvent at all.
For instance, in its efforts to resolve risks posed by insolvent Baoshang Bank in Inner Mongolia autonomous region, the central bank's early intervention in May had successfully prevented the risks from worsening and there had not been a run on the bank, boosting market confidence in the security of the country's small lenders.
The country will promote the establishment of a bankruptcy system for insolvent individuals in a step-by-step way, according to the new reform plan released by the National Development and Reform Commission and 12 other central government agencies.
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