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Insolvency is a situation where a business is unable to pay its debts as they become due.

Insolvency is a financial state where a business is unable to pay its debts, while bankruptcy is a legal status that is assigned to an insolvent business or individual.

There are many causes of insolvency, including economic downturns, mismanagement, competition, and rapid growth.

The consequences of insolvency can include the liquidation of assets, the loss of control over the business, and reputational damage.