Thanks. So if I’m illiquid, the check will be in the mail. If I’m insolvent the dog ate my checkbook.
Basically. Really more like your dog emptied out your checking account with his constant demands for food, toys, grooming, and state-of-the-art veterinary care. If he only ate the checkbook, and you were solvent before he did that, then you’re still solvent — just very temporarily illiquid. The check will be in the mail as soon as you get the checkbook replaced, and for creditors who don’t want to wait that long, funds could be wired out the very same day the dog at the checkbook.