🏢 Insolvency checklist
A insolvency checklist is a list of all the debts and assets that a person or company has. This includes both money owed and money owed to others. The insolvency checklist is used to determine if a person or company is insolvent, which means they cannot pay their debts.
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Associated business activities
Identify contractor insolvency
There are a few reasons to identify contractor insolvency: they may not be able to complete the project, they may be liable for damages, or the individual may not be able to get their money back.
Consider before terminating
When deciding whether to end an insolvency procedure, there are many factors to consider. These include the company's financial position, its ability to repay debts, the effect on creditors, and the costs of terminating the procedure.
Check if employer can terminate contract
If an individual is worried that their employer may try to terminate their contract, they can check if their employer has the legal right to do so.
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