lizw.livejournal.com ([identity profile] lizw.livejournal.com) wrote in [personal profile] lovingboth 2003-10-25 12:25 am (UTC)

"Legally solvent" means "able to pay its debts as they fall due". Not knowing whether they are or not means either that they don't know how much money they have, or that they don't know how much debt they have. Looks like a directors' liability claim waiting to happen, doesn't it?
(8 comments)

Post a comment in response:

(will be screened)
(will be screened if not validated)
If you don't have an account you can create one now.
HTML doesn't work in the subject.
More info about formatting

If you are unable to use this captcha for any reason, please contact us by email at support@dreamwidth.org

 
Notice: This account is set to log the IP addresses of people who comment anonymously.
Links will be displayed as unclickable URLs to help prevent spam.