If a debtor cannot pay their debts in a timely fashion, they are known as
A) problematic debtors
B) insolvent debtors
C) in arrears debtors
D) Foreclosed debtors
E) statutory transactors

Question

Quizplus · Accepted Answer

Insolvent debtors are those who cannot pay their debts when they are due, indicating a financial state where liabilities exceed assets or cash flow is insufficient to meet immediate obligations.

If a Debtor Cannot Pay Their Debts in a Timely