Today the role of insolvency turns out to be crucial for the operation of business enterprises and its evaluation is one of the basic tasks of financial analysis. The authors of this article have made research of solvency measurement in Latvia on the basis of national and international statistical data bases Lursoft and Amadeus, as well as tackled theoretical and practical issues of solvency measurement. The objective of the authors is to develop classification methods for solvency measurement and prediction of corporate bankruptcy with the aim to apply these methods in practice, thereby helping the companies to select the alternative methods appropriate for research tasks and company opportunities.