Tulsi Tanti Essays

Insolvency is the time when an individual, corporation, or other organization cannot meet its financial obligations for paying debts as they are expected. Insolvency can occur when certain things happen, some of which may include: poor cash management, increase in costs, or decrease in cash flow. A finding of insolvency is imperative, as particular rights are empowered for the creditor to exercise against the insolvent individual or organization. For example, exceptional debts may be paid off by