Glossary
Worried about your debt?
We can help!- Free initial consultation
- No obligation
- Talk to a professional
- Offices throughout Nova Scotia
- Private and confidential
- Get out of debt
1 (902) 401-6222
Insolvent
Definition:
When a person or business:
- owes more than $1,000, and
- is unable or has ceased to pay their debts as they become due, or
- the value of whose property is not sufficient to enable payment of all of his obligations.