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.
Insolvency figures on the rise THE number of people whose finances have deteriorated so severely that they have become insolvent has jumped to a six-year high, official figures show.
Congresswoman Johnson issued the following statement after Trustees of the Social Security and Medicare trust funds released a report indicating Medicare will become insolvent by 2026, three years earlier than projected last year:
Commercial banks in India, which were part of a committee of lenders, have approved the takeover by JFC Finance of Palogix Infrastructure, which had become insolvent.
People in Wales were more likely to become insolvent with 6,028 insolvencies at a rate of 24.5 per 10,000 people.
The Financial Conduct Authority A (FCA) said Barclays put PS16.5bn of client assets at unnecessary risk in the event that the bank had become insolvent.
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.
Ministers said the move would bring hope to former workers in heavy industries such as shipbuilding, who struggled to find an employer or insurer to sue for damages because firms become insolvent or records went missing.
Does the insurance broker owe a duty to apprise the subcontractor that the insurer had become insolvent?
Seattle, WA, October 11, 2010 --(PR.com)-- In their newest FAQ, the writers at OnlineAutoInsurance.com explain what happens when auto insurance companies become insolvent and give advice on how to avoid carriers that may be faltering financially.