Meaning of 'insolvent' in Chichewa is: insolvent

insolvent: insolvent

Adjective:

zinatha, osweka, wosauka, tanthauzo, zosungunulira.

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Adjective(1) unable to meet or discharge financial obligations,financially ruined(2) unable to meet or discharge financial obligations(3) financially ruined
Noun(1) someone who has insufficient assets to cover their debts

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(1) If the employer is insolvent and unable to restore the funds the pension scheme will be able to claim compensation.(2) This year, about 300 directors of 140 insolvent companies are facing restriction proceedings in the High Court.(3) Face up to the problems, he was told, bankrupt insolvent companies and resolve the institutional debt problem.(4) There will also be a restriction on the re-use by a former director of a company name when that company is in insolvent liquidation.(5) Cancellation of debt income is not includable in income if the taxpayer is in bankruptcy, or to the extent the taxpayer is insolvent .(6) If one joint or joint and several debtor is insolvent , the loss resulting from his insolvency is spread equally among the solvent debtors.(7) Section 214 of the Insolvency Act imposes that liability where the director knew, or ought to have concluded, that there was no reasonable prospect that the company would avoid going into insolvent liquidation.(8) We know there is a liquidation, we know there is an insolvent liquidation.(9) When the property market went sour, the company's undertaking was sold by administrative receivers, and it went into insolvent liquidation in July 1993.(10) In the former, the set-off was to be executed by a third party, with whom both the creditor and the insolvent debtor maintained their accounts.(11) VIB then went into insolvent liquidation on July 25, 1997 with a substantial deficiency.(12) This will increase the chances of the new combination making a successful bid for the assets of Daewoo, the remaining major Korean car builder, which is now insolvent and being sold off by its creditors.(13) One provision makes it easier for the Central Bank to force insolvent institutions into bankruptcy, giving investors and creditors a legal framework for recovering assets.(14) Many defined benefit funds are technically insolvent because Irish law lays down strict regulations on their valuation.(15) Administration orders were made in respect of the principal companies in the Group in this court on 26 February 1995, and they have subsequently been placed in compulsory insolvent liquidation.(16) If it were to go into insolvent liquidation at that stage, the original directors of TMC would have committed no offence under section 207, because there would have been no transfer of TMC's property by them.