To start with, its important to note that insolvency does not solely relate to failing businesses; viable and profitable businesses can also find themselves in these dangerous waters as well, which is why Acting early is the key to surviving business insolvency. This is where the following tips on how to save an entity from insolvency come in handy.
What Is Insolvency?
Insolvency refers to a situation where a business entity is unable to make payments on its obligations when they become due. It