can minor be insolvent
Yes, if it can be proven via receipts, paperwork, etc., that you were sold merchandise and were undercharged you must pay the difference or return the merchandise of a refund of whatever you did pay.
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.
Broke, bankrupt, penniless
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.