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Insolvent
INSOLVENT

Definitions:

i. One unable to pay his debts.

ii. Someone who cannot pay his debts.
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Quote: "We may encounter many defeats but we must not be defeated". - Maya Angelou.


* All five elements should be in.


TB. Borrowed funds not invested in profitable ventures. Wasteful.

RR. Assets of real worth not possessed by this debtor. Exposed.

UO. Does not have a collateral with appreciated value. Sorted; CAN'T !

LK. Clearly not creditworthy to borrow from the 'Peter'. Sorry.

YE. Legal system sure able to confirm 'pennilessness'. Free.
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Maybe only for the moment.

See perfect FLY-BY-NIGHT (1).

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