THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY Legal Nuggets⚖️ BILL OF SALE KEY TAKEAWAYS • Insolvency is a state of financial distress in which a person or business is unable to pay their debts. • Insolvency in a company can arise from various situations that lead to poor cash flow. • When faced with insolvency, a business or individual can contact creditors directly and restructure debts to pay them off FROM THE OFFICE OF THE DIRECTOR OF LITIGATION AND RESEARCH.
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