Insolvent: Difference between revisions
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* [[Insolvency]] | * [[Insolvency]] | ||
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Revision as of 14:13, 17 May 2017
1.
Unable to pay financial obligations as they fall due.
2.
UK law.
A company is insolvent when it is unable - on a balance of probabilities - to meet all of its existing, prospective and contingent liabilities, taking account of future costs and of future interest obligations.
