Technical insolvency: related pages
Insolvent
Unable to pay debts, or having liabilities greater than assets.
Going concern principle
The assumption for the purposes of accounting or valuation, or the fact in the case of a sale, that a business will continue to operate.
Receivership
The running of a company, or management of particular assets, is handed over to a receiver appointed by creditors in order to recover debts.
Copyright Graeme Pietersz © 2005-2019
