Insolvent - When the total debt of an entity is greater than all of its property.
For legal advise regarding Insolvent, you can contact our legal staff via phone (800) 341-2684 or email myweblawyer@aol.com .
Insolvent:
A person not able to pay debts generally as they become due.
Insolvent Person:
A person who is not bankrupt and whose liabilities exceed his assets and/or ability to pay.
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.
Insolvent: Being unable to meet one's obligations and liabilities.
Installment: A regular, periodic, partial payment of a debt. Goods bought on installment plans are usually paid for by regular monthly payments.
insolvent 1 : having ceased paying or unable to pay debts as they fall due in the usual course of business compare bankrupt 2 : having liabilities in excess of a reasonable market value of assets held 3 : ...
INSOLVENT. This word has several meanings. It signifies a person whose estate is not sufficient to pay his debts. Civ. Code of Louisiana, art. 1980..
Not all insolvent persons become bankrupt. Some are able to shield themselves from collection atacks made by creditors by using other forms of credit consolidation and payment; ...
Resolution of insolvent banks
The two most common methods employed by FDIC in cases of insolvency or illiquidity are: ...
TOP Acceleration clause : A clause in a contract that states that if a payment is missed, or some other default occurs (such as the debtor becoming insolvent), then the contract is fully due immediately.
Bankruptcy The formal condition of an insolvent person being declared bankrupt under law.
Balance of Probabilities(see Burden of Proof)BankruptInsolvent and involved in a proceeding to become bankrupt or against whom a creditor has started a proceeding to put them into bankruptcy.
It is proper to notice that there is much difference between a bankrupt and an insolvent.
If one wrongdoer is insolvent or cannot pay their share, the other fully-responsible wrongdoers must pick up the tab, to make sure the innocent victim is fully compensated.
a system of statutes and courts which permits persons and businesses which are insolvent (debtors) or (in some cases) face potential insolvency, to place his/her/its financial affairs under the control of the bankruptcy court.
The formal condition of an insolvent person being declared bankrupt under law.
The debtor may be insolvent—i.e., unable to pay all debts even if the full value of all assets were realized—or may become insolvent when current obligations mature.
Bankruptcy: A legal proceeding in which a person who is financially insolvent requests the federal bankruptcy court to determine his or her debts and use his or her assets to pay those debts.
: a doctrine holding that shareholders to whom assets of an insolvent corporation have been transferred are liable to creditors upon dissolution of the corporation
broadly ...
A process in which an insolvent debtor's assets are liquidated by court order and the debtor is relieved of further liability.
Base Rent
A set amount used as a minimum rent in a lease with provisions for increasing the rent over the term of the lease.
BAIR-MAN
Scottish law. A poor insolvent debtor left bare. ... more
BAIRNS PART
Scottish, law. Childrens part a third part of the defuncts free movables, debts deducted, if the wife survive, and a half if there be no relict. ... more ...
Under Part IV of the Insolvency Act 1986, there are three separate procedures - a member's voluntary winding up where a company is solvent, a creditors' voluntary winding up for insolvent companies and a compulsory winding up by the court.
A clause in a contract that states that if a payment is missed, or some other default occurs (such as the debtor becoming insolvent), then the contract is fully due immediately.
To avail one's self of the provisions of a law; to take such action in court as will secure one's self the benefits of a particular law; as, to take the bankrupt or insolvent law. 4.
Insolvency - The condition of a person who is insolvent; inability to pay one's debts; lack of means to pay one's debts.
A document signed by the defendant under oath before the judge, stating he or she is without funds to retain an attorney. The judge may then declare the defendant insolvent and sign an order appointing counsel.
Oaths ...
The supposedly insolvent individual debtor, even though found to be bankrupt, is allowed certain exemptions, which permit him/her to retain a car, business equipment, ...
A clause in a contract that allows the terms of the contract to become fully due immediately if a payment is missed, or some other default in the debtor's obligation occurs (such as the debtor becoming insolvent).
Acceptance ...
company is formed by one man, with the aid of six dummy subscribers, is not in itself (as was at one time supposed) a fraud on the policy of the Companies Act, but it is occasionally used for the purpose of committing a fraud, as where an insolvent ...
 See also: Law, Solvent, Person, Will, Court
  
|
RSS
