A person who is unable to pay their debts as and when they fall due is:

Name: A person who is unable to pay their debts as and when they fall due is:
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Insolvency is the condition of being unable to pay debts as they fall due. Liquidated refers to a specific process of distributing assets to creditors, while bankrupt refers specifically to a legal declaration of insolvency. Broke is a colloquial term that does not have a specific legal definition.

A Person Who Is Unable to Pay Their Debts as and When