What is another word for becomes insolvent?
Pronunciation: [bɪkˌʌmz ɪnsˈɒlvənt] (IPA) 
"Becomes insolvent" is a term that is used to describe a business or individual's inability to pay back debts that they owe. There are many synonyms for this phrase, each with its own subtle differences in meaning. Bankrupt, insolvent, and bankrupted all signal that a person or entity has run out of funds. Insolvency can also be referred to as broke, destitute, or penniless. In addition, financial ruin, financial collapse, and financial failure are popular terms that conjure up images of a company or person's financial collapse. No matter how it's phrased, becoming insolvent can have serious consequences, which is why it's important to stay financially stable and debt-free.
