Insolvent: Difference between revisions
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imported>Doug Williamson (Removed broken link to Will Spinney article) |
imported>Doug Williamson (Classify page.) |
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2. | 2. ''UK law''. | ||
''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. | 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. | ||
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* [[Insolvency]] | * [[Insolvency]] | ||
* [[Solvency]] | * [[Solvency]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Revision as of 16:35, 1 July 2022
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.
