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Posts Tagged 'difference between factual and commercial insolvency'

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Factual and Commercial Insolvency Explained

While in most cases it suffices to refer a party as insolvent where they are unable to pay their liabilities as and when they become due, it becomes necessary at times to distinguish and specify the state of such insolvency especially when it comes to companies. In that case the difference between factual and commercial insolvency becomes an important one.


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