Insolvency (noun)

The state of being unable to pay one's debts as they become due.

Origin:

Insolvency comes from the latin word "insolventia" which means "inability to pay debts".

Examples:

1. The company's insolvency led to its bankruptcy.
2. The government's insolvency has led to a financial crisis.
3. The individual's insolvency led to the foreclosure of their home.
4. The insolvency of the country has led to a devaluation of its currency.
5. The insolvency of the bank led to its takeover by the government.