Insolvency is a state of financial distress in which a business or person is unable to pay their bills.
If you think it is anything else you are just being an apologist.
If you think it is anything else you are just being an apologist.
This isn't true. If you eat at a restaurant but forget your wallet, you can't pay your bill but you're still solvent. You have assets to cover your debts. "Can't pay your bill" is too broad a statement to be meaningful. There are many complicated financial instruments and needing time to make a payment doesn't automatically make you insolvent.