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.
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 ...
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 ...
So how do you know if your business is insolvent - take the insolvency test or
read this guide for help.
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.
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 ...
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
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
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).
May 10, 2012 ... Proving or Contesting Debtor Insolvency. Under the Balance Sheet Test.
Analyzing Insolvency in Preference and Fraudulent Transfer Litigation.