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This is a common question often asked by those in serious debt difficulties, but no being insolvent does not mean you are bankrupt. Though insolvency can lead to bankruptcy it is not always a forgone conclusion. Being a bankrupt company, … Continue reading →

Companies facing the possibility of insolvency can take steps to keep themselves financially solvent. Using existing lines of credit to borrow money is one way to avoid insolvency, but it also creates more liability and new payment deadlines. Selling off … Continue reading →

Insolvency is generally defined as a financial state in which a company can no longer pay its bills and other obligations on time. Insolvency occurs whenever liabilities, or debts, exceed assets and cash flow. Once a company becomes insolvent, it … Continue reading →