A company that does not pay its debts when they come due is called

Name: A company that does not pay its debts when they come due is called
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Insolvency refers to the inability of a company to pay its debts when they become due. This is a more formal term than "broke" or "financially distressed" and is often used in legal and financial contexts. "Debtor in possession" is a term used in bankruptcy proceedings and refers to a company that is allowed to continue operating while it reorganizes its finances.

A Company That Does Not Pay Its Debts When They