Meanings of declare insolvency in English

A formal notice of intention usually gives a company 10 days before it has to declare insolvency.

STEFANEL The Italian company said on Wednesday it would declare insolvency and start the procedure to seek for special administration.

Commerzbank chief executive Martin Blessing called for Greece to declare insolvency and restructure its debt, according to a German newspaper.

That includes when a customer goes bankrupt, declares insolvency or cancels a contract.

The indebted Spanish renewable energy and engineering group Abengoa declared insolvency on Nov. 25 in Spain.

The refinery was one of several owned by Petroplus, Europe's largest independent refiner before it declared insolvency.

It declared insolvency again in July after a review revealed it had understated the extent of its financial problems.

Stockton, which officially declared insolvency and its desire to restructure its debt, also filed a separate list of its major creditors.

Stockton, which officially declared insolvency and its desire to restructure its debt, also filed a separate list of its major unsecured creditors.

Coryton, in eastern England near London, was one of several refineries owned by Petroplus, Europe's largest independent refiner before it declared insolvency.

There was a 33 per cent rise in the number of companies declaring insolvency during February, rising to 146 from 110 the previous month.