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Insolvency is a state of financial distress in which a business or person is unable to pay their bills. If you think it is anything else you are just being an

• kryogen1c 4y ago
  > Insolvency is a state of financial distress in which a business or person is unable to pay their bills. This isn't true. If you eat at a restaurant but forget your wallet, you can't pay your bill but you're still solvent. You have assets to cover your debts. "Can't pay your bill" is too broad a statement to be meaningful. There are many complicated financial instruments and needing time to make a payment doesn't automatically make you insolvent.