Insolvency: Difference between revisions
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* [[Cost of financial distress]] | * [[Cost of financial distress]] | ||
* [[Creditors]] | * [[Creditors]] | ||
* [[Individual Voluntary Arrangement]] | |||
* [[Insolvency practitioner]] | * [[Insolvency practitioner]] | ||
* [[Insolvency Service]] | * [[Insolvency Service]] | ||
Revision as of 18:49, 24 July 2020
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.
