Subject expert, Stefan Hougaard, covers the topic from both an individual and an entity perspective. He deals with the difference between factual and commercial insolvency as well as what insolvency actually means.

Stefan explains the process of having someone declared insolvent and the benefits and risks for the creditor.

Lastly, he highlights two main risks, one of which includes the risk of the creditor having to pay into the estate being wound up for insolvency purposes.