insolvency vs. bankruptcy
[in-sol-vuhn-see]
/ ɪnˈsɒl vən si /
noun
[bangk-ruhpt-see, -ruhp-see]
/ ˈbæŋk rʌpt si, -rəp si /
noun
plural
bankruptcies-
the state of being or becoming bankrupt.
-
utter ruin, failure, depletion, or the like.