The phrase "avoid insolvency" is correct and usable in written English.
It can be used in financial contexts when discussing strategies or measures to prevent a company or individual from becoming unable to pay debts.
Example: "To ensure the long-term viability of the business, we must implement cost-cutting measures to avoid insolvency."
Alternatives: "prevent bankruptcy" or "stay financially solvent.".
While help to avoid insolvency is dangerous, help to overcome brief liquidity crises is justified.
The idea is to avoid insolvency and the resulting uncertainty for residents and their families.
Corporate restructuring expert Christopher Fisher became chairman in April, as the fight to avoid insolvency continued.
Some that do have had to close their plans to new participants to avoid insolvency.
To avoid insolvency, the university sold some of its best real estate.
In 1907 the company was forced to reorganize to avoid insolvency, and George Westinghouse was subsequently relieved of his chairmanship.
Hyundai Engineering and Construction, which avoided insolvency, is the largest.
But the plan, which must still be approved by a divided Parliament, also calls for a fund that would use taxpayer money to help Tokyo Electric compensate victims and continue to provide Tokyo with power, while avoiding insolvency.
A spokesman for HMV's directors said: "Until as late as early afternoon on Monday, the directors believed that they had a reasonable prospect of avoiding insolvency and were satisfied that they were complying with all of their legal obligations including in respect of gift cards.
With the help of several banks, the company (now known as Hochtief Aktiengesellschaft für Hoch- und Tiefbauten vorm. Gebrüder Helfmann) avoided insolvency.
"Particular focus was given to Mr Murray's role and function as director, any financial benefit or otherwise from the insolvency event, steps taken to avoid the insolvency event, co-operation throughout the insolvency event and intentions as a director to avoid a repetition of the mistakes of the past.
