Difference between Bankrupt and Insolvent

What is the difference between Bankrupt and Insolvent?

Bankrupt as an adjective is having been legally declared insolvent. while Insolvent as an adjective is unable to pay one's bills as they fall due.

Bankrupt

Part of speech: verb

Definition: To force into bankruptcy.

Part of speech: adjective

Definition: having been legally declared insolvent.

Example sentence: Trump divides his time between working some kind of 'King Ralph' angle, and claiming that he's going to make the U.S. great again by using his business experience. We can only assume that means repeatedly declaring it bankrupt, then changing its name so he can just shake off all the debt.

Insolvent

Part of speech: adjective

Definition: Unable to pay one's bills as they fall due.Owing more than one has in assets.

We hope you now know whether to use Bankrupt or Insolvent in your sentence.

Also read

actuation and propulsion - What's the difference?

Difference between ergometer and dynamometer

Difference between pleasing and esthetic

two-ply vs thick

Reservoir vs Pond

Difference between flaky and outlandish

Difference between holier-than-thou and pharisaical

qat vs khat

Popular Articles

Difference Between Level 1, Level 2 And Level 3 Electric Car Chargers

Vaccination vs. Immunization: What's the Difference

NavIC vs. GPS vs. GLONASS vs. Galileo: Differences between Navigation Systems

Major Differences Between Google TV and Android TV