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Insolvent IVA Glossary

What is Insolvent?

The state of not being able to pay one's debts as they fall due or having an excess of liabilities over assets.

(Please Note: The definitions are not intended to be exhaustive summaries of the Law. They are based on material from The Insolvency Act 1986 , and other Acts dealing with this subject.)

The above is provided as information only. Iva.co.uk does not provide debt advice. You must always seek professional advice before taking any action to resolve your debts.