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by slv77 1026 days ago
A company is insolvent when liabilities exceed assets. Companies can remain insolvent indefinitely unless they miss a payment at which point a creditor can force them into bankruptcy where a court oversees liquidation.

Evergrande is insolvent and is now bankrupt. There is no reasonable scenario here where the company continues to operate as a growing concern.

1 comments

TIL, more than one time of insolvency: https://en.wikipedia.org/wiki/Insolvency