Insolvency: Difference between revisions
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imported>Doug Williamson m (Amended wording as per Michelle 21/5/13) |
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Inability to pay financial obligations as they fall due. | Inability to pay financial obligations as they fall due. | ||
2. | |||
2. ''UK law''. | |||
The inability of a company - on a balance of probabilities - to meet all of its existing, prospective and contingent liabilities, taking account of future costs and of future interest obligations. | The inability of a company - on a balance of probabilities - to meet all of its existing, prospective and contingent liabilities, taking account of future costs and of future interest obligations. | ||
In making this assessment, future income and future asset valuations are also taken into account. | In making this assessment, future income and future asset valuations are also taken into account. | ||
3. ''Professional work - professional skills''. | |||
The professional work and skills relevant to financially distressed and insolvent businesses. | |||
== See also == | == See also == | ||
* [[Balance sheet insolvent]] | |||
* [[Bankruptcy]] | |||
* [[Cash flow insolvent]] | |||
* [[Chapter 11]] | |||
* [[Company voluntary arrangement]] | * [[Company voluntary arrangement]] | ||
* [[Cost of financial distress]] | * [[Corporate Insolvency and Governance Act]] | ||
* [[Cost of financial distress]] = insolvency costs | |||
* [[Creditors]] | * [[Creditors]] | ||
* [[Insolvency practitioner]] | * [[Individual Voluntary Arrangement]] | ||
* [[Insolvency Act]] | |||
* [[Insolvency practitioner]] (IP) | |||
* [[Insolvency Service]] | * [[Insolvency Service]] | ||
* [[Liquid]] | |||
* [[Liquidate]] | |||
* [[Liquidity]] | |||
* [[Liquidity risk]] | |||
* [[London Approach]] | |||
* [[Recovery]] | |||
* [[Scheme of arrangement]] | * [[Scheme of arrangement]] | ||
* [[Solvency]] | * [[Solvency]] | ||
* [[Solvency II]] | * [[Solvency II]] | ||
* [[Statement of affairs]] | * [[Statement of affairs]] | ||
* [[Turnaround]] | |||
* [[Voluntary liquidation]] | |||
* [[Wrongful trading]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Manage_risks]] | |||
[[Category:Treasury_operations_infrastructure]] | |||
Latest revision as of 14:20, 3 December 2023
1.
Inability to pay financial obligations as they fall due.
2. UK law.
The inability of a company - on a balance of probabilities - to meet all of its existing, prospective and contingent liabilities, taking account of future costs and of future interest obligations.
In making this assessment, future income and future asset valuations are also taken into account.
3. Professional work - professional skills.
The professional work and skills relevant to financially distressed and insolvent businesses.
See also
- Balance sheet insolvent
- Bankruptcy
- Cash flow insolvent
- Chapter 11
- Company voluntary arrangement
- Corporate Insolvency and Governance Act
- Cost of financial distress = insolvency costs
- Creditors
- Individual Voluntary Arrangement
- Insolvency Act
- Insolvency practitioner (IP)
- Insolvency Service
- Liquid
- Liquidate
- Liquidity
- Liquidity risk
- London Approach
- Recovery
- Scheme of arrangement
- Solvency
- Solvency II
- Statement of affairs
- Turnaround
- Voluntary liquidation
- Wrongful trading
