Insolvency: Canada Debt .ca defines Insolvency

Bankruptcy Term Insolvency

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Canada Debt has the definition to the bankruptcy and debt term Insolvency. Finding answers to terms such as Insolvency can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Insolvency in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Insolvency' is used as follows:

The condition of being unable to pay debts as they become due, or in the ordinary course of business, or having liabilities that exceed the total value of assets.