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[Legal Info] What is insolvency?

Insolvency

Insolvency Source: CC by2.0pixaBay/derneuemann

The following information about types of insolvency is brought to you by Ji Hoon Chang, a lawyer from David Chang Legal.


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By Leah Na

Source: SBS




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The following information about types of insolvency is brought to you by Ji Hoon Chang, a lawyer from David Chang Legal.


Insolvency is the state of being unable to pay the money owed, by a person or company.

Do you think purchasing a company went to voluntary liquidation is a smart decision? What if the company is on the market at a reasonable price? Should we still consider buying it?

Ji Hoon Chang, a lawyer from David Chang Legal, gives you brief legal advice about the issues with insolvency and voluntary liquidation through the October episode of the Legal Info.

[The Full interview is available via podcast above]


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