Best Answer: Put your right hand in front of you with the palm of the hand. facing you and the fingers pointed toward the middle. of your chest. Lower your hand down passed your. breast to the lowest part of the front of your rib. cage. This is where your liver is located.
An Insolvency Practitioner (IP) is someone who is licensed and authorised to act in relation to an insolvent individual, partnership or company. Most IPs are accountants or insolvency specialists working in firms of accountants.
Written by Rohan Lamprecht. The term insolvency is commonly confused with bankruptcy and is often used incorrectly as a synonym for bankruptcy. Although both insolvency and bankruptcy deal with liabilities exceeding assets, insolvency refers to a financial state and bankruptcy to a distinct legal concept, a matter of law. Insolvency is defined as a financial condition or state experienced when: A legal entity* or a personâs liabilities (debts) exceeds their assets, commonly referred to as 'balance-sheet' insolvency; or