Insolvency: Difference between revisions
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imported>Doug Williamson (Align with Glossary and correct spacing errors from import.) |
imported>Doug Williamson (Add reference to new page London Approach.) |
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* [[Insolvency Service]] | * [[Insolvency Service]] | ||
* [[Scheme of arrangement]] | * [[Scheme of arrangement]] | ||
* [[London Approach]] | |||
* [[Solvency]] | * [[Solvency]] | ||
* [[Solvency II]] | * [[Solvency II]] | ||
* [[Statement of affairs]] | * [[Statement of affairs]] | ||
Revision as of 09:41, 29 May 2013
1.
Inability to pay financial obligations as they fall due.
2.
Under 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.
