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Insolvent or not?

http://www.insolvencynews.com/article/15230/industry/balance-sheet-insolvency-test-questioned-by-supreme-court

Interesting ruling. A straightforward balance sheet deficit is not deemed enough to petition for a business to be “insolvent”

I think this makes sense. There are deficits and deficits. Many businesses survive relatively easily with negative balance sheets simply by using strong cash management skills.

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