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.
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 ...
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 ...
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 ...
The Corporate Insolvency Test refers to a method of determining a company's ability to meet its liabilities as they fall due, and whether the total value of its ...
Take the Insolvency Test. Find out if your company is at risk of being insolvent. Insolvency advice given with no obligation to proceed.
May 10, 2012 ... Proving or Contesting Debtor Insolvency. Under the Balance Sheet Test. Analyzing Insolvency in Preference and Fraudulent Transfer Litigation.
So how do you know if your business is insolvent? Take the insolvency test and read this guide for help. Check cash flow, balance sheet and legal action.
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.