understanding financial jargon
When a person or organisation cannot discharge their financial obligations within a reasonable time of them falling due, and where total liabilities exceed total assets, they are deemed to be insolvent. It is possible to get Insolvency assistance before these types of issue become too great, otherwise the final option is to be declared bankrupt.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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