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 orders intended to resolve the 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 ...
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 ...
Definition of INSOLVENCY: The condition of a person who is insolvent; inability to ... Related Legal Terms ... Did you find this definition of INSOLVENCY helpful?
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 ... You are here: HomeLegal GuidesInsolvencyWhat does Insolvency ... Your company will be considered to be insolvent under English law if it is ...
The legal definition of Insolvent is A person not able to pay his or her debts as they become due.
Many people often mix up the terms “insolvency” and “bankruptcy,” assuming them ... Bankruptcy, on the other hand, is a legal process that serves the purpose of ...
The terms "insolvent" and "bankrupt" are used informally to mean an uncomfortable lack of assets and monetary resources. In legal terms, however, these words ...