How to Buy a Business out of Insolvency?

Answer This article covers some of the main pitfalls specific to buying an insolvent business. There are many advantages to buying a business out of insolvency, although it may not seem like an obvious ch... Read More »

Top Q&A For: How to Buy a Business out of Insolvency

Insolvency & Bankruptcy?

For individuals, insolvency is the financial condition of having liabilities greater than assets. For businesses, insolvency is a financial condition that is usually described as either the state o... Read More »

Insolvency Job Description?

An insolvent firm is a company that can no longer repay debts or meet other financial commitments on time. Insolvency associates are legal specialists who help creditors recover debt from insolvent... Read More »

Annotated Bankruptcy & Insolvency Act?

The Bankruptcy and Insolvency Act is a federal law that allows financially troubled Canadian citizens to petition for debt relief, according to the Office of the Superintendent of Bankruptcy Canada.

What is the difference between declaring bankruptcy&insolvency?

Understanding the difference between bankruptcy and insolvency can be difficult, in part because society tends to treat them. They actually deal with two different sides of the same pressing issue:... Read More »