Legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors.

合法的无清偿能力的状态。如果法院作出判决，当事人或当事机构无法向债权人偿还债务，那么此个人或组织就被宣布破产。

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This paper pointed out that opening the insolvency administrator in the insolvency proceedings is the legal status of the primary problems.

本文开篇指出破产管理人在破产程序中的法律地位是首要需要解决的问题。

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The legislation on cross-border insolvency is essentially the process of adjusting and controlling the import and export of bankruptcy-related public policy through legal means.

跨国破产的立法过程本质上是法律调控破产公共政策输入和输出的过程。

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But even when a state allows it, this results in a gauntlet of legal woes, requiring insolvency tests, negotiations with bondholders and so forth.

ECONOMIST: The straits of cities and counties are hurting the recovery