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The company's insolvency forced it into receivership.

The state of being insolvent. The financial crisis has now left many of these banks on the verge of insolvency

Continous losses may result in insolvency and the company going into liquidation.

There's a rumor in the air that the firm is going into bankruptcy.

Under the circumstances, bankruptcy is inevitable.

Our firm is on the verge of bankruptcy, I'm ashamed to say.

The company is on the verge of bankruptcy.

The company's insolvency forced it to file for bankruptcy.

As a matter of fact, bankruptcy is inevitable.

Was it gambling that brought about his bankruptcy?

Father's bankruptcy was a blot on the family's reputation.

Bankruptcy is to the employer what dismissal is to the employee.

In what situations can people or companies declare bankruptcy?

The contract with the employee was terminated due to bankruptcy.

many companies were facing bankruptcy

Some banks had to declare bankruptcy due to the crisis.

"In the space of six months, nearly half a million Americans have had to file for personal bankruptcy. "

The big promotion of that company's stock was just a cover-up to hide their impending bankruptcy.