InvestorQ : What is one word for unable to pay his debts”?
shrinidhi Rajan made post

What is one word for unable to pay his debts”?

Answer
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rhea Babu answered.
1 year ago


One who is unable to pay his debts can be called as Insolvent, Bankrupt, Defaulter. This is the case when one’s said liabilities exceed the value of his assets. Insolvent on one hand is used in legal terminology, bankrupt and defaulter is used in general language.


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1 year ago


"Bankrupt", is the person who is unable to pay his debts. You can also use the word debtor. To state it in a line, A person who failed to pay debts or have become insolvent.