destituteness

noun destituteness

• default — If a person, company, or country defaults on something that they have legally agreed to do, such as paying some money or doing a piece of work before a particular time, they fail to do it.
• disaster — a calamitous event, especially one occurring suddenly and causing great loss of life, damage, or hardship, as a flood, airplane crash, or business failure.
• failure — an act or instance of failing or proving unsuccessful; lack of success: His effort ended in failure. The campaign was a failure.
• insolvency — the condition of being insolvent; bankruptcy.
• liquidation — the process of realizing upon assets and of discharging liabilities in concluding the affairs of a business, estate, etc.