- insolvency of corporation
- An insufficiency of assets to pay debts. In a more commercial sense, an inability to pay debts as they become due in the ordinary course of business. 19 Am J2d Corp § 1569. See also insolvency.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
Insolvency — means the inability to pay one s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable… … Wikipedia
insolvency — /in sol veuhn see/, n. the condition of being insolvent; bankruptcy. [1650 60; INSOLV(ENT) + ENCY] * * * Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In … Universalium
Corporation — This article is about business corporations. For other uses, see Corporation (disambiguation). Corporate redirects here. For the Bollywood film, see Corporate (film). A corporation is created under the laws of a state as a separate legal entity… … Wikipedia
Insolvency law of Switzerland — The insolvency law of Switzerland is the law governing insolvency, foreclosure, bankruptcy and debt restructuring proceedings in Switzerland. It is principally codified in the Federal Statute on Debt Enforcement and Bankruptcy ( de. Bundesgesetz… … Wikipedia
Corporation of Foreign Bondholders — The Corporation of Foreign Bondholders (also known as the Council of Foreign Bondholders) was a British association established in London in 1868 by private holders of debt securities issued by foreign governments, states and municipalities. In… … Wikipedia
insolvent corporation — See insolvency of corporation … Ballentine's law dictionary
Commercial insolvency in Canada — A closed restaurant in Gananoque, Ontario Commercial insolvency in Canada has options and procedures that are distinct from those available in consumer insolvency proceedings. It is governed by the following statutes: The Bankruptcy and… … Wikipedia
Federal Deposit Insurance Corporation — FDIC … Wikipedia
Canadian Association of insolvency and Restructuring Professionals — (CAIRP) The Canadian Association of insolvency and Restructuring Professionals is the national professional organization representing 913 general members acting as trustees in bankruptcy, receivers, agents and consultants in insolvency matters.… … Glossary of Bankruptcy
Export Credit Guarantee Corporation of India — The Export Credit Guarantee Corporation of India Limited (ECGC in short) is a company wholly owned by the Government of India. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.… … Wikipedia