Abstract
Generally, operations of a business may continue even after a loss. But sooner or later, this kind of operation may result in bankruptcy or insolvency. The usual meaning of insolvency is that the liabilities of the business exceed its assets, but the term is also used in many cases to characterize a concern which is unable to meet its ordinary debts as they mature because its assets, though greater than its liabilities, are frozen and hence unavailable for payment of debts.
Recommended Citation
Manahan, Catherine T.
(1989)
"Alternative Coping Mechanisms for Corpcnate Insolvency,"
DLSU Business & Economics Review: Vol. 2:
No.
2, Article 10.
DOI: https://doi.org/10.59588/2243-786X.1484
Available at:
https://animorepository.dlsu.edu.ph/ber/vol2/iss2/10
COinS
