the.com/insolvency
the math finally catching up to the optimism, with lawyers as referees
two flavorscash-flow can't pay now, balance-sheet owes more than owns
ancient rootsRome let creditors literally enslave defaulting debtors
debtors' prisonsjailing the broke until Dickens-era reform ended it
corporate twistinsolvent firms must prioritize creditors over shareholders legally
zombie firmstechnically insolvent but kept alive by cheap debt