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Insolvency is more a term for legal professionals than for business owners. It has a constructive definition, meaning a business cannot pay its bills, or a technical definition in that its net current ratio is less than 1.00 or that a company has net negative equity. Sometimes insolvency can serve to negotiate concessions or forbearance by vendors or banks. We are one of the foremost restructuring accountants in Connecticut. If you are facing insolvency, we can evaluate or strategize how your current situation might be utilized or improved, including generating successively improving liquidation balance sheets. See us for ideas.

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