Insolvency: Difference between revisions
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imported>Doug Williamson (Link with Voluntary liquidation page.) |
imported>Doug Williamson (Link with Chapter 11 page.) |
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* [[Balance sheet insolvent]] | * [[Balance sheet insolvent]] | ||
* [[Cash flow insolvent]] | * [[Cash flow insolvent]] | ||
* [[Chapter 11]] | |||
* [[Company voluntary arrangement]] | * [[Company voluntary arrangement]] | ||
* [[Cost of financial distress]] | * [[Cost of financial distress]] | ||
Revision as of 07:13, 28 November 2017
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.
