What is Insolvency

On June 25, 2015, Posted by , In Bankruptcy,Insolvency,Liquidation, By ,,,,, , With Comments Off on What is Insolvency

Have you ever asked yourself “what is insolvency?” Insolvency is a word that can be used to describe both individuals (sometimes called bankruptcy), but is more commonly used to describe businesses or companies. What does Insolvent Mean? It is said that a business becomes insolvent when it cannot pay its…