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 ...
Definition of insolvent in the Legal Dictionary - by Free online English dictionary
and encyclopedia. What is insolvent? Meaning of insolvent as a legal term.
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 ...
The legal definition of Insolvent is A person not able to pay his or her debts as
they become due.
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 ...
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 ...
To put in simple words, both are synonymous and reflect inability of a legal entity
to pay off its debts. Although, a declared insolvent can be called as a Bankrupt.
If a company (or person) is technically insolvent that merely means that it has a ...
Legally, technical insolvency in itself presents no problems (in the UK).
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 ...