The bankruptcy definition of "insolvency" is a financial condition such that the sum of one's debts exceeds the sum of all one's property at fair valuation.

Name: The bankruptcy definition of "insolvency" is a financial condition such that the sum of one's debts exceeds the sum of all one's property at fair valuation.
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Insolvency, in bankruptcy terms, is when an individual's or entity's liabilities exceed their assets, meaning they owe more than they own.

The Bankruptcy Definition of "Insolvency" Is a Financial Condition Such