Legal definition of insolvency
Personal Bankruptcy Legal Terminology

insolvency

1
Insufficiency of financial resources to pay one’s debt
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AG WeekToday's column is more about economics than law, but the two topics are inseparable in my world. On the legal side, several businesses are exploring "debtor/creditor law" in order to collect from farmers who owe them money. Bankruptcy filings are up ... more »
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