In case anyone else needed to look it up, "trading while insolvent" means conducting regular business ("trading") while having liabilities that exceed assets ("insolvent"). Like (I think) ordering product from a vendor you can't pay for, or having employees continue to work when you can't make payroll.
this post was submitted on 26 Jun 2024
12 points (100.0% liked)
Australian News
551 readers
46 users here now
A place to share and discuss news relating to Australia and Australians.
Rules
- Follow the aussie.zone rules
- Keep discussions civil and respectful
- Exclude profanity from post titles
- Exclude excessive profanity from comments
- Satire is allowed, however post titles must be prefixed with
[satire]
Recommended and Related Communities
Be sure to check out and subscribe to our related communities on aussie.zone:
- Australia
- World News (from an Australian Perspective)
- Australian Politics
- Aussie Environment
- Ask an Australian
- AusFinance
- Pictures
- AusLegal
- Aussie Frugal Living
- Cars (Australia)
- Coffee
- Chat
- Aussie Zone Meta
- bapcsalesaustralia
- Food Australia
Plus other communities for sport and major cities.
https://aussie.zone/communities
Banner: ABC
founded 1 year ago
MODERATORS