what do you mean by insolvent.Explain?
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22
Answer:
having ceased paying or unable to pay debts as they fall due in the usual course of business — compare bankrupt.☺❤✔✌
Answered by
20
Answer:
Insolvency is a state of financial distress in which a business or person is unable to pay their bills. It can lead to insolvency proceedings, in which legal action will be taken against the insolvent person or entity, and assets may be liquidated to pay off outstanding debts.
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