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  • An insolvent company often goes into liquidation. A private individual who cannot pay his/her debts may be declared __________ by a court. #3841
  • A bankrupt person's __________ can be taken and used to repay his/her debts. #3842
  • A person who has not yet completed this process is called an ___________ bankrupt #3843
  • The technical meaning of insolvency is that a person or company's __________ exceed their assets. #3844
  • When a limited company* becomes insolvent, it is likely to go into __________. #3845
  • The person responsible for winding up a company which has gone into liquidation is called the__________. #3846
  • When all the assets of a company have been used as security for a loan, and the company defaults on repayments, the lender may force the company to go into ___________. #3847
  • The man asks for a new password. Listen to a conversation between a bank employee and a customer. Mark the  following statements as true (T), false (F), not stated (NS) (аудио 2) #3848
  • In this case, a receiver will be appointed to __________ the assets of the company in order to repay the debt. #3849
  • A mistake in an account is often called a _________. #3850
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