Business terms and jargon explained. Your business dictionary

What is Insolvency

This occurs when individuals or businesses do not have enough assets to cover their debts, or are unable to pay their debts when the debts become due.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-12-14 23:58:41

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