What does it mean to be insolvent?
Автор: Sheriff Sole & Madej inc
Загружено: 2024-04-11
Просмотров: 296
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💭What does it mean to be insolvent?
Being insolvent means that an individual or organization is unable to meet their financial obligations as they come due because their liabilities exceed their assets.
In simpler terms, if someone is insolvent, they don't have enough money or assets that can be quickly turned into cash to pay their debts.
Insolvency may lead to bankruptcy, but Licensed Insolvency Trustees can engage in negotiations with creditors to reorganize debts and prevent bankruptcy while exploring all available options.
At Sheriff Sole & Madej Inc., we are dedicated to helping you comprehend your choices and make informed financial decisions.
Reach out to us today to schedule a complimentary consultation and move forward on the journey towards financial recovery.
For all inquiries & to BOOK, contact us at:
📲 DM
📞 1-844-482-3328
💻 trustee.ca
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