insolvency just means assets that are not liquid enough to meet operating cash flow(incuding customer withdrawals).... maybe partially insolvent is the better term as 10 million is held illiquid in court...they still hold assets  so are not bankrupt meaning all assets are falling near or below zero net worth and cant meet liabilities...standard function; total assets(a)=  total liabilities(l) + net equity (E) even if equity is zero...they definitely are not bankrupt but its possible insolvency applies even if just at the edge of meeting operational cahflow

even if they win the case but lose the other fed case they may still be insolvent but less likey to fold as loans could be floated since they  are provably a money maker with amount of daily v
olume ( although most of that volume was in april and may only)