Legal Nuggets⚖️
BILL OF SALE
KEY TAKEAWAYS
• Insolvency is a state of financial distress in which a person or business is unable to pay their debts.
• Insolvency in a company can arise from various situations that lead to poor cash flow.
• When faced with insolvency, a business or individual can contact creditors directly and restructure debts to pay them off
FROM THE OFFICE OF THE DIRECTOR OF LITIGATION AND RESEARCH.
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