One is entitled to initiate insolvency resolution of a corporate debtor when the corporate
debtor __________.
a) does not have enough liquid cash to continue operations as a going concern
b) has failed to repay a debt when due and payable
c) has ceased to be a going concern
d) has negative net worth
debtor __________.
a) does not have enough liquid cash to continue operations as a going concern
b) has failed to repay a debt when due and payable
c) has ceased to be a going concern
d) has negative net worth