Insolvency

Companies or individuals with debts they are unable to pay are said to be insolvent. By the time a business starts thinking about insolvency, things are already going badly. Simply allowing yourself to run out of money is the worst possible way of handling it. If you understand your options, you can take steps to improve the situation.

This briefing covers ways to:

• Reduce the risk of insolvency.
• Manage company insolvency.
• Deal with personal insolvency.