1. people or entities that are unable to pay their debts
Usage: legal; finance

Examples

• The court appointed a trustee to manage the assets of the insolvents.
• Many insolvents filed for bankruptcy protection during the economic crisis.
• The law firm specializes in representing insolvents in debt restructuring cases.
• Creditors often struggle to recover money from insolvents.
• The bankruptcy court handles cases involving both individual and corporate insolvents.