Web Results



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 ... USLegal » Legal Definitions Home » I » Insolvency Law & Legal Definition ...

Insolvent Definition - Duhaime.org


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

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 ...

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 ...

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 ...

Case law: Court clarifies when directors of insolvent company can ...


This update was published in Legal Alert - December 2015. Legal ... Under insolvency law, a director of a company that has gone into insolvent liquidation or  ...

What is the difference between insolvency, bankruptcy and ... - Quora


Mar 28, 2014 ... Having said that, not all Liquidation occurs as a result of Insolvency (i.e., ... provable debts are 'frozen' and incapable of further legal action).

More Info

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 ...

Definition Insolvency vs Bankruptcy - Bankruptcy24.co.za


Although both insolvency and bankruptcy deal with liabilities exceeding assets, insolvency refers to a financial state and bankruptcy to a distinct legal concept, ...