become insolvent

See: fail, lose, overdraw
References in classic literature ?
Ogg's, and men who busied themselves with political questions were regarded with some suspicion, as dangerous characters; they were usually persons who had little or no business of their own to manage, or, if they had, were likely enough to become insolvent.
People in Wales were more likely to become insolvent with 6,028 insolvencies at a rate of 24.
Once both sexes reach the age of 35, the pattern is reversed, and men are more likely to become insolvent than women.
Interestingly, the study found the most common reasons for non-payment were the company no longer existed, had become insolvent or had ceased trading.
Commercial RE, founded in 1980, has become insolvent due to cash flow deterioration, as its commercial facility and condominium sales have slackened amid a real estate market slump.
Nonetheless, he said the NCUA will eventually become more flexible in allowing voluntary mergers between CUs with dissimilar FOMs "because, if they do not, the continuing credit unions will almost exclusively be a state charter going forward and the NCUSIF will have to take up the slack if a federal credit union cannot merge until it exhausts its capital first to become insolvent.
If the trend continues experts predict more than 16,000 Scots will become insolvent this year.
The Japanese airline - known as Air Do - filed for bankruptcy on 25 June 2002 under the Civil Rehabilitation Law, which allows companies to file for court protection from creditors before they become insolvent.
1952: Liverpool Boys Association needed to find pounds 30,000 within months to it would be forced to become insolvent and close down.
Of a risk manager's nightmares, discovering that the organization's principal insurer has become insolvent is one of the worst.
That was the message recently of two outgoing senators, William Cohen of Maine and Alan Simpson of Wyoming, who chided their colleagues for failing to respond to projections by the Social Security Administration that the retirement system will become insolvent in 2029.
Maco said improved disclosure would not prevent municipal defaults or all market disruptions, because even public reporting companies can become insolvent due to poor management or adverse market conditions.