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Unable to pay its debts: Difference between revisions
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The statutory definition of [[insolvency]] in the UK appears at Section 123 of the [[Insolvency Act 1986]], and reads thus: | The statutory definition of [[insolvency]] in the UK appears at Section 123 of the [[Insolvency Act 1986]], and reads thus. | ||
Quick note: Section 123(1)(e) is [[cashflow insolvency]], and Section 123(2) is [[balance sheet insolvency]]. | |||
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