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by hodgesrm
2382 days ago
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They were taking orders and spent the money on something other than delivery, hence could not deliver to creditors. In the UK (where my current company is incorporated) this would make the company insolvent under the Insolvency Act of 1986. It's against the law to operate in this state. [1] We have to sign documents that assert our finances are in good order for this reason. Violating the law subjects you to various penalties. I'm not eager to find out what they are. https://en.wikipedia.org/wiki/Insolvency#United_Kingdom |
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