noun, noun which may take the genitive case particle 'no'
insolvency; inability to pay
Legal and financial term for a state where debts cannot be paid when due. Often used in formal contexts such as bankruptcy proceedings.
会社が支払不能に陥ったため、破産手続きを開始した。
Because the company fell into insolvency, it began bankruptcy proceedings.
支払不能の状態が続けば、法的措置を取らざるを得ない。
If the state of insolvency continues, we will have no choice but to take legal action.