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Insolvency is the state of being unable to pay the money owed, by a person or company, on ... for bankruptcy, which is a determination of insolvency made by a court of law with resulting legal order...

Insolvency legal definition of insolvency


Insolvency. An incapacity to pay debts upon the date when they become due in the ordinary course of business; the condition of an individual whose property ...

Insolvency Law - HG.org


Insolvency is the legal term describing the situation of a debtor who is unable to pay his, her, or its debts. There are two primary types of insolvency: cash flow ...

Insolvency Law & Legal Definition


Insolvency is the condition of having more debts than available assets which might be used to pay them, even if the assets were mortgaged or sold. It is the ...

Partnership Insolvency - Out-Law.com


Under the Order, partnerships can be treated as legal entities in their own right for insolvency purposes. Importantly, the Order has extended procedures relating  ...

Understanding Insolvency - R3


Insolvency is legally defined as follows: A company is insolvent (unable to pay its debts) if it either does not have enough assets to cover its debts (ie value of ...

What is insolvency? definition and meaning - BusinessDictionary.com


Definition of insolvency: In legal terminology, the situation where the liabilities of a person or firm exceed its assets. In practice, however, insolvency is the ...

Insolvency | ASIC - Australian Securities and Investments Commission


Mar 23, 2016 ... The three most common corporate insolvency procedures are voluntary administration, liquidation and receivership. The personal insolvency ...

What Is the Difference Between Insolvent & Bankrupt? - Legal Info


The terms "insolvent" and "bankrupt" are used informally to mean an uncomfortable lack of assets and monetary resources. In legal terms, however, these words ...

When directors can be personally liable on company insolvency ...


This update was published in Legal Alert - January 2012 ... A director of a company that is wound up because it is insolvent can be made personally liable for ...

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Insolvent legal definition of insolvent


Definition of insolvent in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is insolvent? Meaning of insolvent as a legal term.

What does Insolvency mean? - Insolvency - Law Plain and Simple


Jan 25, 2013 ... Your company will be considered to be insolvent under English law if it is ... This procedure and agreement will be legally regulated and should ...

Insolvent Definition - Duhaime.org


The legal definition of Insolvent is A person not able to pay his or her debts as they become due.