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old biohf guy

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old biohf guy

Re: Jayyy post# 10730

Thursday, 10/05/2017 4:40:15 PM

Thursday, October 05, 2017 4:40:15 PM

Post# of 13735
Seems like its not soaking in. The 3 million is debt. This is different from monthly bills. The monthly bills are being paid and therefore Roth is not insolvent.

Under the Uniform Commercial Code, a person is considered to be insolvent when the party has ceased to pay its debts in the ordinary course of business, or cannot pay its debts as they become due, or is insolvent within the meaning of the Bankruptcy Code.

Insolvency - Wikipedia
https://en.wikipedia.org/wiki/Insolvency
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