How to avoid insolvency and dissolution in cooperative
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dissolution: Although the information provided here will assist you in completing the dissolution process, it is not intended to replace legal advice. Consider consulting a lawyer or another professional advisor to ensure that the specific needs of your cooperative are met.
insolvency: is a term for when an individual or company can no longer meet their financial obligations to lenders as debts become due. Before an insolvent company or person gets involved in insolvency proceedings, they will likely be involved in informal arrangements with creditors, such as setting up alternative payment arrangements. Insolvency can arise from poor cash management, a reduction in cash inflow, or an increase in expenses.
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