Cashflow insolvency
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A type of insolvency as contemplated in Section 123 of the Insolvency Act 1986 which boils down to a company being “unable to pay its debts as they fall due”.
More about Insolvency
- The two two varieties of insolvency: cashflow insolvency and balance sheet insolvency
- ISDA’s delightful Bankruptcy definition — the gold standard of its kind.