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can minor be insolvent

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can minor be insolvent

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An insolvent estate is one with no value to it. The debts are greater than the assets. Therefore, it does not make sense to purchase an insolvent estate.

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A bank that can not pay its account holders when they request payment is insolvent.

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Insolvency

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No. It can be wound up. In India, only individuals can be declared insolvent.

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