Being insolvent is an abhorrent state! This is a state where you find yourself unable to repay the debts, pay back your clients, pay to your suppliers, and if the condition is especially bad, aren’t able to pay back at all. How would you reach such a state? Well, there is one way where you reach this state pretty fast, and by fast I mean within days. However, there is another subtle path where you wouldn’t be aware of your condition until it is too late. That being said, in the latter path, there are some pretty definite signs early on. However, many choose to ignore them due to two reasons:
Also, Read: New Bankruptcy law in India Bankruptcy: The 7 Signs
4 Comments
|
AuthorRegistrationwala is the team of professionals striving hard to empower the entrepreneurs in bringing their dreams to reality. Archives
April 2024
Categories |