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Insolvency - Wikipedia, The free Encyclopedia
Insolvency is the inability of a debtor to pay their debt. Cash flow insolvency involves a lack of liquidity to pay debts as they fall due. Balance sheet insolvency involves having negative net assets —where liabilities exceed assets. Insolvency is not a synonym for bankruptcy, which is a ... Read Article
Taxpayer Relief Act Of 1997 - Wikipedia, The free Encyclopedia
The Taxpayer Relief Act of 1997 (Pub.L. 105–34, H.R. 2014, 111 Stat. 787, enacted August 5, 1997) reduced several federal taxes in the United States. Subject to certain phase-in rules, the top capital gains rate fell from 28% to 20%. The 15% bracket was lowered to 10%. Starting in 1998, a $400 ... Read Article
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