Insolvency means being unable to pay your debts. For a company, this essentially means that there is a deficit in your balance sheet; your tangible assets are less than your liabilities, ...
Insolvency
The state or position of the person or entity who is incapable to meeting the liabilities even by selling off the assets possessed or by raising the funds either. Such state occurs when the debts are more than the revenues or assets.
Insolvency - The condition of a person who is insolvent; inability to pay one's debts; lack of means to pay one's debts.
INSOLVENCY. The state or condition of a person who is insolvent. (q. v.) .
Modern insolvency legislation and debt restructuring practices
The principal focus of modern insolvency legislation and business debt restructuring practices no longer rests on the elimination of insolvent entities but on the remodeling of the ...
insolvency
n. 1) the condition of having more debts (liabilities) than total assets which might be available to pay them, even if the assets were mortgaged or sold. 2) a determination by a bankruptcy court that a person or business cannot raise the ...
Insolvency
Definition - Noun
1 : the fact or state of being insolvent
compare bankruptcy
2 : insufficiency (as of an estate) to discharge all enforceable debts
Insolvency matters are covered under the Bankruptcy Code.
Affidavit of insolvency
A detailed form signed by the defendant, under oath, attesting to his/her indigency (inability to pay for private legal counsel)
Affirmative defense ...
Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
Duhaime, Lloyd, Bankruptcy Law
Duhaime, Lloyd, Duhaime's Legal Dictionary
Duhaime, Lloyd, Duhaime's Legal Citations & Abbreviations ...
BANKRUPTCY: Insolvency; a process governed by federal law to help when people cannot or will not pay their debts.
BENCH TRIAL: Also called court trial. A trial held before a judge and without a jury.
Insolvency is a prerequisite for bankruptcy.
Inter alia: (Latin: among other things) Used to precede a list of examples covered by a more general descriptive statement.
Under the Bankruptcy and Insolvency Act there are two types of proposals that can be made. A proposal filed under Division I, which is applicable to companies and any individual who wants to avail himself of it.
"Insolvency" is a prerequisite to bankruptcy. TOP Insurrection An act or instance of revolting against civil authority or an established government . TOP Inter alia : Latin: "among other things", "for example" or "including".
BANKRUPTCY - The state or condition of a bankrupt. Insolvency; a process governed by federal law to help when people or entities cannot or will not pay their debts. The condition of being unable to pay one's debts as they become due.
InsolvencyThe inability to pay debts as they come due.InsolventA person who owes at least $1000. to creditors and is unable to pay his or her obligations as they come due.
Thus a double liability of stockholders to creditors, in case of the insolvency of the company, or a full liability to creditors of directors who have made false reports or certificates regarding its financial condition, ...
"Insolvency" is a prerequisite to bankruptcy. Inter alia Latin: "among other things", "for example" or "including". Legal drafters would use it to precede a list of examples or samples covered by a more general descriptive statement.
INSOLVENT
A person not able to pay his or her debts as they become due. "Insolvency" is a prerequisite to bankruptcy.
INSURRECTION
An act or instance of revolting against civil authority or an established government.
Insolvency - Condition of a person who is unable to pay his debts as they fall due.
Interrogatories - A series of formal written questions used in the examination of a party or a witness prior to trial.
The state or condition of being wanting; a falling short; deficiency or lack; defect, want, absence; default; defeat. 2. Default; omission; neglect; non-performance; as, failure to perform a contract. 3. Inability to pay debts, from insolvency; ...
 See also: Will, Law, Person, Court, Bankrupt
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