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Inability to pay financial obligations as they fall due.

2. UK law.

The inability of a company - 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.

In making this assessment, future income and future asset valuations are also taken into account.

3. Professional work - professional skills.

The professional work and skills relevant to financially distressed and insolvent businesses.

See also