insolvency education

Insolvency education refers to understanding the financial situation when individuals or businesses cannot meet their debt obligations. This education involves learning about the legal processes available for addressing insolvency, such as bankruptcy or administration. It also covers the related implications for credit, assets, and future financial decisions. By equipping individuals and businesses with the knowledge of potential solutions and the consequences of insolvency, they can make informed choices, seek appropriate help, and work towards financial recovery.