A person is insolvent when he or she doesn't have enough current income to pay all of his or her current bills.

Name: A person is insolvent when he or she doesn't have enough current income to pay all of his or her current bills.
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Insolvency refers to a financial state where a person or entity is unable to pay off their debts because their liabilities exceed their assets, not just their current income in relation to current bills.

A Person Is Insolvent When He or She Doesn't Have