The Voluntary Administration Process

On August 6, 2015, Posted by , In Insolvency,Liquidation, By ,,, , With Comments Off on The Voluntary Administration Process

The voluntary administration process can be a vital asset to corporate insolvency as it aids companies to satisfy their debts. This is usually achieved through a Deed of Company Arrangement (“DOCA”) or by entering liquidation. Part X of the Bankruptcy Act can also provide a solution to insolvency. DOCA –…

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…