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 periodicals archive ?
A total of 33,073 people in England and Wales became insolvent during the three months to the end of June, the highest level since records began in 1960 and 27 per cent more than during the same quarter of 2008, according to the Insolvency Service.
If the acquirer has a security interest in the underlying intellectual property and technology when the insurer becomes insolvent and the contract is rejected, the acquirer may, as a general rule, foreclose on its security interest and take possession of the collateral.
Given the complexity of this area, directors of potentially insolvent companies should take steps now to reduce their exposure to creditors' claims by considering the following guiding principles:
Identify and access all guaranty funds--Guaranty funds pay claims made against policies issued by an insolvent insurer if the carrier was licensed to transact business in the state.
The bank was not declared insolvent until its closing on May 10, although we were aware on May 1 of its imminent insolvency.
The single essential thing that regulators must do is close down banks that are insolvent rather than let them try to gamble their way out of trouble.
One in 550 adults became insolvent in the 12 months to September, marking the lowest rate seen since 2005, the Insolvency Service said.
In 2013, 951 people were declared insolvent across Teesside, 7.
Also, the status of guarantors remains the same in the sense that any relief for the insolvent person does not relieve the guarantor.
However, if a state is unable to repay its loans and its UTF account becomes insolvent for two consecutive Januaries, it will suffer a federal tax "credit reduction.
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.
INSOLVENT WOMEN YOUNG women are more likely to find themselves falling into personal insolvency than men of the same age, official statistics show.