*Restructuring vs. Liquidation: Choosing the Right Path in Insolvency* Insolvency refers to a business that can no longer pay its debts, typically to its creditors. Creditors are individuals or institutions to whom a business owes money for goods, services, or loans received. A company might experience a significant drop in income due to lost sales, face increased expenses from rising costs of goods or labor, or be impacted by poor management decisions that hinder its growth. https://dennislawnews.com/article/restructuring-vs--liquidation--choosing-the-right-path-in-insolvency