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Insolvency

Insolvency

Last Updated

Friday, 03 October 2014

Far from being the cute, family fun, laugh that Monopoly would have you believe it is, insolvency law regulates the very serious issues of when companies are unable to repay their debts. Insolvency law primarily deals with the reorganisation of the structure of a business that is failing so as to rehabilitate the company and allow it to make some profits. Failing this, the law also provides guidance on which debtors get paid first when the insolvent company is being liquidated.


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