Company Insolvency

The Court of Appeal has recently determined that a company was “in any commercial sense” insolvent, if it is only able to pay off its debts by taking new deposits and by using those deposits to pay off those debts.

In other words, a company that can only pay off its debts as they fall due by incurring further debt is nevertheless considered insolvent........

Published: 06 Jun 2014


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(cAse SeNSItivE!)

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