Insolvent: Difference between revisions
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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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* [[Balance sheet insolvent]] | * [[Balance sheet insolvent]] | ||
* [[Cash flow insolvent]] | * [[Cash flow insolvent]] | ||
* [[Confidence]] | |||
* [[Insolvency]] | * [[Insolvency]] | ||
* [[Solvency]] | * [[Solvency]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 22:23, 19 February 2024
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.
