Meaning of Insolvent

Insolvent

Language - English

Tamil Word - திவால்

Unable to pay debts owed. In the context of Tamil Nadu real estate, if a property owner becomes insolvent, their property might be seized and sold to satisfy their debts. Example: The company's insolvency led to the auction of its real estate assets to repay its creditors. Insolvency can have serious consequences for property owners, potentially leading to the loss of their assets. It is important to manage finances responsibly and seek professional advice if facing financial difficulties.