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Chunky Munky

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Chunky Munky

Re: bozazu post# 57145

Thursday, 11/26/2009 2:02:57 PM

Thursday, November 26, 2009 2:02:57 PM

Post# of 68510
Look at the definition of Insolvent. It does not matter if there is money in the bank....

insolvent Show Spelled Pronunciation [in-sol-vuhnt]

–adjective 1. not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature.


I believe we can agree that 250k in bank and over 1m in debt qualifies as liabilities exceeds assets.


Our two worst enemies are Greed and Stupidity...

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