Insolvent Person: Canada Debt .ca defines Insolvent Person

Bankruptcy Term Insolvent Person

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Canada Debt has the definition to the bankruptcy and debt term Insolvent Person. Finding answers to terms such as Insolvent Person 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. Insolvent Person in financial terms means...

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

A person who is not bankrupt and whose liabilities exceed his assets and/or ability to pay.