Insolvency

Your Business is Insolvent — What Do You Do Now?

Insolvency in business can happen for several reasons, especially when there is a downturn in the economy. Poor management and fraud are also common factors. Signs that your business is losing ground can be creditors continuing to be unpaid, poor cash flow, and ongoing losses. A company becomes insolvent when it is unable to pay back its debts. There are two ways to … [Read more...]