Insolvency: Difference between revisions
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'' | ''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. | In making this assessment, future income and future asset valuations are also taken into account. | ||
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== See also == | == See also == | ||
* [[Balance sheet insolvent]] | |||
* [[Cash flow insolvent]] | |||
* [[Company voluntary arrangement]] | * [[Company voluntary arrangement]] | ||
* [[Cost of financial distress]] | * [[Cost of financial distress]] | ||
Revision as of 07:37, 10 August 2016
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.
See also
- Balance sheet insolvent
- Cash flow insolvent
- Company voluntary arrangement
- Cost of financial distress
- Creditors
- Insolvency practitioner
- Insolvency Service
- Scheme of arrangement
- London Approach
- Solvency
- Solvency II
- Statement of affairs
Other links
Issues around insolvency of your own firm, Will Spinney, 2011
