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. 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 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 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 ...
Under the Order, partnerships can be treated as legal entities in their own right
for insolvency purposes. Importantly, the Order has extended procedures relating
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 ...
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 ...
Mar 23, 2016 ... The three most common corporate insolvency procedures are voluntary
administration, liquidation and receivership. The personal insolvency ...
The terms "insolvent" and "bankrupt" are used informally to mean an
uncomfortable lack of assets and monetary resources. In legal terms, however,
these words ...
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