Being insolvent means you are unable to pay your debts as they come due. Your total assets may exceed your total liabilities but you are insolvent if the assets cannot be converted into cash to meet the current creditor payments.
The Debt Counsellors knowledge base has been collectively put together based
upon our 10 years experience of providing debt solutions in the U.K to benefit
our readers in making the right informed choice. We offer free, confidential
advice on all types of personal debt and solutions which include debt management, debt consolidation, iva – individual voluntary arrangements and the equivalent
IVA in Scotland – Protected Trust Deeds.