insolvent


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Related to insolvent: IPO

insolvent

(of a person, company, etc.) having insufficient assets to meet debts and liabilities; bankrupt
References in classic literature ?
Ogg's, and men who busied themselves with political questions were regarded with some suspicion, as dangerous characters; they were usually persons who had little or no business of their own to manage, or, if they had, were likely enough to become insolvent.
A regional trial court has issued an order to liquidate the assets of the Uniwide group, declaring as insolvent the former high-flying retailer which was still pleading for a chance to undergo corporate rehabilitation.
Summary: New Delhi [India], September 4 (ANI): The Supreme Court on Monday stayed the Allahabad NCLT (National Company Law Tribunal) order declaring Jaypee Infratech as insolvent.
THE rate of people going insolvent across England and Wales is at its lowest level in a decade, according to offi-cial figures.
Figures released by the Office for National Statistics show that 1,019 people were declared insolvent in Teesside in 2014 with Stockton seeing the most in the area with 457.
When the corporation is not doing well, whether it is insolvent or simply struggling, the common stockholders, preferred stockholders and creditors' interests often diverge.
The new bill stipulates that after the passage of three years under review, the insolvent person is relieved of all his debts and no longer deemed insolvent, having surrendered his property, except for assets deemed necessary to him and his family.
Revenues from the federal tax are used to cover state and federal administrative costs, for loans to states with insolvent UTF accounts, and for the federal share of unemployment benefits.
to require utility rms and other key suppliers to continueto supply insolvent companies could helpwith their rescue, it is Plans to require utility firms and other key suppliers to continueto supply insolvent companies could helpwith their rescue, it is claimed.
Central bank prohibition on lending to insolvent banks
A debtor is balance sheet insolvent when it is unable to pay its debts as they become due or it has financial liabilities exceeding the value of his assets.