WEEKLY LEGAL NUGGETS


 BILL OF SALE


• 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 
 
 
 

0/Post a Comment/Comments