Examlex
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Insolvency
Refers to the financial condition where an entity can not meet its debt obligations as they come due.
Consecutive Years
Years that follow one after another without interruption.
Involuntary Bankruptcy
A legal process initiated by creditors to force a debtor into bankruptcy proceedings, in order to recoup debts owed by liquidating the debtor's assets.
Nonprofit Organizations
Organizations that operate for charitable, educational, cultural, scientific, or social welfare purposes rather than for profit.
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