The company was declared insolvent.
公司被宣布无清偿能力。
The company has been declared insolvent.
这家公司被宣布破产了。
All this has increased the potential for conflict when a company becomes insolvent.
所有的这些，增加了企业破产时发生冲突的可能性。
A court proceeding in which the assets of an insolvent company or individual are liquidated.
无力偿债的公司或个人的资产被清理的法庭程序。
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