* bankrupt = one who was unable to repay debts and whose property has been divided among his creditors * bankruptcy = state of losing property to one's creditors due to unpaid debts * insolvent =impoverished, unable to pay one's debts * insolvency =condition of being impoverished, inability to pay one's debts

Insolvent and Bankrupt may be used as ADJECTIVES (more often used) or NOUNS (rarely used) whereas Insolvency and Bankruptcy are NOUNS. **************************************************************************************** Insolvent / Bankrupt means : Adjective 1. a. Unable to meet debts or discharge liabilities; bankrupt. b. Insufficient to meet all debts, as an estate or fund. 2. Of or relating to bankrupt persons or entities. **************************************************************************************** n. A bankrupt person **************************************************************************************** But Insolvency / Bankruptcy means : 1. The condition of being insolvent. 2. An instance of being insolvent. ****************************************************************************************