Johanna Leggatt is the Lead Editor for Forbes Advisor, Australia. She has more than 20 years' experience as a print and digital journalist, including with Australian Associated Press (AAP) and The Sun ...

The current controversy over cutting Social Security benefits is driven by a single fact: The Social Security program is projected to be insolvent in little more than a decade unless Congress takes ...

According to the IRS, insolvency occurs when your total liabilities exceed your total assets. Insolvency is divided into two categories: cash flow and balance sheet. You can claim balance-sheet ...

In the notice filed in court, CP Cables warned that non-compliance could lead to a liquidation petition against Wananchi.

TAMPA, Fla. (WFLA) — The latest report on funding for social security benefits did not give a financially positive outlook for the future to federal lawmakers. Instead, a report by the Social Security ...

John and Mary Benbow, 67, and 68, respectively, of La Jolla, shown holding his finger over his social security number on his Medicare card (Photo by Allen J. Schaben/Los Angeles Times via Getty Images ...

A subsidiary is a legal entity that issues its own stock and is a separate and distinct operating business that is owned by a parent company. The stock of the subsidiary is an asset on the balance ...