Insolvent

1.

Unable to pay financial obligations as they fall due.

2. UK law.

A company is insolvent when it is unable - 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.

See also

• Balance sheet insolvent
• Cash flow insolvent
• Confidence
• Insolvency
• Solvency