Columnists
Why insolvency is not failure
Monday January 02 2023
According to the Insolvency Act of 2015, a company is insolvent when it is unable to pay its debts of more than Sh100 000 after 21 days of a written warning being served. PHOTO | POOL
Did you know the number of Kenyan businesses facing insolvency has more than doubled in the last seven years? The reality is that a majority will not make it through the insolvency process intact and will likely dissolve into economic oblivion.
This obviously links to the state of economic decline that the world is facing, but in truth, it also has a lot to do with the insolvency process and how it is perceived both by businesses and their invest…
Read the full article at: https://www.businessdailyafrica.com/bd/opinion-analysis/columnists/why-insolvency-is-not-failure–4073190