Insolvency is a situation where a company or other debtor is unable to repay its obligations even though it wants to repay.It is actually an economic crisis of the debtor. It may be insolvency, ie one of the leading insolvency. Despite its efforts, the debtor is not able to meet its long-term liabilities to multiple creditors. It may further denote insolvency proceedings aimed at changing the bankruptcy or imminent bankruptcy of the debtor by a new organizing of the debtor's property relations while satisfying the debtor's creditors.