The letter was released just days after Huawei canceled a deal reached last year to buy the assets of 3Leaf Systems, an insolvent company based in Santa Clara, Calif.

这封信发表于华为取消去年与三叶系统公司（3Leaf Systems）达成的收购协议之后的数日。

youdao

The company has been declared insolvent.

这家公司被宣布破产了。

《牛津词典》

Its auditors judged that if the transaction went ahead the company would become technically insolvent.

该公司的审计师判断，如果交易成功，公司将会技术上破产。

youdao

Dodd-Frank gives unprecedented power to the Treasury secretary to determine whether an insolvent financial company will be subject to OLA. The Act sets a high standard for invoking the authority, but the process is unnecessarily tainted by the involvement of a political appointee, even if he or she is acting in good faith.

FORBES: The Cyprus 'Bail-In' Exposes 'Too Big To Fail' As All Too Timid

The executive committee of the British Surfing Association (BSA) has declared its limited company insolvent.

BBC: British Surfing Association goes into liquidation

If a limited company becomes insolvent and cannot pay its debts, a liquidator will be appointed to collect and redistribute all the company's assets to the creditors.

BBC: When stores go bust: How to get your money or goods back