companyfizetképtelen
Fizetképtelen is a Hungarian term that translates to "insolvent" or "unable to pay debts" in English. It refers to a legal and financial state where a company or individual is no longer able to meet its financial obligations as they become due. This can encompass a range of liabilities, including payments to suppliers, employees, lenders, and tax authorities.
Insolvency is a serious condition that can lead to various legal proceedings. A key distinction in Hungarian
When a company becomes insolvent, it may trigger formal procedures such as liquidation (felszámolás) or bankruptcy
The determination offizetképtelen status is often made by courts based on evidence of the company's financial