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1. Can the business pay it's debts when they are called?
2. Does the business owe more (financially) than it owns?
3. Has the business been approached legally for financial reparations?
If any one of these is 'Yes' it is likely the business can be considered insolvent.
Answer courtesy of Forbes Burton - specialist in business closure.
What else can I help you with?
Can minor be declared insolvent?
can minor be insolvent
what disadvantage of buying insolvent estates?
An insolvent estate is one with no value to it. The debts are greater than the assets. Therefore, it does not make sense to purchase an insolvent estate.
What sentence using word insolvent?
A bank that can not pay its account holders when they request payment is insolvent.
What is noun of insolvent?
Insolvency
Can a company be declared as insolvent under companies act 1956?
No. It can be wound up. In India, only individuals can be declared insolvent.
Is US bankrupt?
No. Nor is it insolvent.
What is an antonym fro solvent?
insolvent
Is America insolvent?
NO! A sovereign country with it's own currency cannot actually become insolvent in the way that a an individual, a household, or a corporation can.
What is the opposite of solvent?
The opposite of solvent is insolvent. Insolvent refers to a person or organization that is unable to pay debts owed.
What is a synonym for insolvent?
Broke, bankrupt, penniless
Can a company still trade if insolvent?
A company can not still trade while insolvent. If a company does trade during this time the directors of the company can become responsible for the debts.
What is an insolvent estate?
An insolvent estate is a the property of a deceased individual that has more debts than assets. Often the property must be sold to cover those debts.
