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Insolvency

Insolvency

A small glossary for Insolvency

Here’s a quick rundown of some of the words you’ll come across when it comes to Insolvency. Some of these words are only ever used in legal documents and solicitor’s offices (some, quite frankly, sound a bit medical). Liabilities The state of being legally responsible for...

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Insolvency

What does Insolvency mean?

Insolvency is a term used for both companies and individuals. As an individual, it’s more popularly known as Bankruptcy, but for a company it’s known as Corporate Insolvency. Different terminology and more importantly, different rules. In England and Wales going Bankrupt involves an application ...

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