Insolvency is when a party has ceased to pay its debts in the ordinary course of business, or cannot pay its debts as they become due. Usually results from an order under the Insolvancy Act 1986. See Bankrupt.
The following two tabs change content below.
Rachel is an accredited member of the Society of Trust & Estate Practitioners, and joined the firm as a trainee in 1991. She initially worked within our Litigation Department where she gained considerable experience in dealing with contentious matters such as disputes over Wills and Lasting Powers of Attorney. As well as preparing the aforementioned, she deals with Estate Administration and Court of Protection orders.