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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by digman[/i] [br]Bit of a legal question here for the experts ; The bankruptcy act defines insolvent as when somebody cant pay all their debts as and when they become due and payable . My question is , If you are servicing all the debts ( mortgage , loans , credit cards etc ) by paying the monthly payments , are you classed as being insolvent ? Are you only insolvent when you cant service the monthly payments when requested ? I ask this as upto april this year everything was paid on time when it became due , but since then some things have been paid , some have been paid late and some not at all ! and i would consider ( for the purposes of the SoA ) this as been when i first realised i could not pay my debts . Am i correct in this assumption please ?? [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.