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Insolvency is the state of being unable to pay the money owed, by a person or company, on time; those in a state of insolvency are said to be insolvent.

Corporate insolvency: the basics - Out-Law.com


A company is considered to be insolvent under English law if it is unable to pay its debts. There are two tests for corporate insolvency: the cash-flow test: is the ...

Linklaters - Supreme Court clarifies balance sheet insolvency test


May 13, 2013 ... A company can be wound-up under the Insolvency Act 1986 (“IA”) if it is “unable to pay its debts”. A company is deemed to be in this position if it ...

Insolvency | Is My Company Insolvent | Worried Directors Guide


So how do you know if your business is insolvent - take the insolvency test or read this guide for help.

Cash Flow Tests and Balance Sheet Tests - FA Simms, Leicester


We explain the difference between balance sheet and cash flow tests and when ... opportunity to get back on track – then the company is likely to be insolvent.

balance sheet insolvency test - Slaughter and May


May 9, 2013 ... often referred to as the 'balance sheet insolvency test'. The section provides that a company will be deemed unable to pay its debts 'if it is ...

Fraudulent Transfers and the Balance Sheet Test


The Essential Resource for Today's Busy Insolvency Professional ... the debtor entity either was insolvent on the date ... adequacy test (i.e., if the debtor engaged .

What is the Corporate Insolvency Test for a Limited Company in the ...


Corporate Insolvency Test for a Limited Company. Begbies Traynor is the UK's market leader in business recovery. With over 30 UK offices and 400 staff we are  ...

PLC - Insolvency (corporate)


Different tests to determine insolvency apply, depending on the context in which the ... that the company is unable to pay its debts as they fall due (cash flow test).

Proving or Contesting Debtor Insolvency Under the Balance Sheet ...


May 10, 2012 ... Proving or Contesting Debtor Insolvency. Under the Balance Sheet Test. Analyzing Insolvency in Preference and Fraudulent Transfer Litigation.

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Weil Bankruptcy Blog | The Solvency Two-Step | Weil Gotshal


Mar 29, 2013 ... In fact, there are two standard definitions of solvency used in the courts along with associated tests. This post discusses the relationships ...

When is a company insolvent: "cash-flow" v "balance-sheet ...


Jun 27, 2013 ... The UK Supreme Court recently considered the scope of the following tests for whether a company is unable to pay its debts (as set out in ...

Take the Insolvency Test | Gibson Hewitt


How do I know whether or not my business is insolvent? There are two tests of insolvency - the cash flow test and the balance sheet test. If your business or.