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.
In making the declaration, the Court found that the only reason the directors had appointed Mr Rathner as an administrator was for the improper purpose of stopping ASIC from appointing a provisional liquidator to the company, and not because they had formed a view that it was insolvent or likely to become insolvent.
People in Wales were more likely to become insolvent with 6,028 insolvencies at a rate of 24.
They went to Edinburgh's Court of Session because they fear that Rangers are about to become insolvent.
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.
Stark stressed that "both European governments and the ECB had the situation under control since early May, we always had the situation under control" as financial markets began to fear some banks could become insolvent.
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.
Professional services firm KPMG estimates that this year saw around 110,000 people become insolvent, the first year the total has broken the 100,000 barrier.
Such issues of scale long have concerned both foreign insurers and Japan's domestic life insurers, several of which have become insolvent in recent years in the face of declines in their captive agency forces and in both individual and group life sales, Feige said.
The fact that only one in a hundred businesses (Examiner July 5) become insolvent does not mean the other 99% are successful.