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insolvency vs. bankruptcy

[in-sol-vuhn-see] / ɪnˈsɒl vən si /

noun

  1. the condition of being insolvent; bankruptcy.

[bangk-ruhpt-see, -ruhp-see] / ˈbæŋk rʌpt si, -rəp si /

noun

plural

bankruptcies
  1. the state of being or becoming bankrupt.

  2. utter ruin, failure, depletion, or the like.