Broke, bankrupt, penniless
can minor be insolvent
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.
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account
Someone who has $0.00 to pay bills.
If one files for bankruptcy in the United States, you do not have to prove that you are, and you do not have to be insolvent. Therefore, you are bankruptcy in a legal sense if you filed for bankruptcy. If you want to prove that you are NOT bankrupt all you have to show is that you have not filed for bankruptcy. If you meant insolvent, rather than bankruptcy, to prove that you are not insolvent you would have to show that your income exceeded your debts.
can minor be insolvent
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.
A bank that can not pay its account holders when they request payment is insolvent.
Insolvency
No. It can be wound up. In India, only individuals can be declared insolvent.
No. Nor is it insolvent.
insolvent
NO! A sovereign country with it's own currency cannot actually become insolvent in the way that a an individual, a household, or a corporation can.
The opposite of solvent is insolvent. Insolvent refers to a person or organization that is unable to pay debts owed.
A company can not still trade while insolvent. If a company does trade during this time the directors of the company can become responsible for the debts.
An insolvent estate is a the property of a deceased individual that has more debts than assets. Often the property must be sold to cover those debts.
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account