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| Inability to pay financial obligations as they fall due.
| | Key UK legislation relating to insolvency. |
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| 2. ''UK law''.
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| 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.
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| In making this assessment, future income and future asset valuations are also taken into account.
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| == See also == | | == See also == |
| * [[Balance sheet insolvent]] | | * [[Insolvency]] |
| * [[Bankruptcy]]
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| * [[Cash flow insolvent]]
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| * [[Chapter 11]]
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| * [[Company voluntary arrangement]]
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| * [[Corporate Insolvency and Governance Act]]
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| * [[Cost of financial distress]] = insolvency costs
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| * [[Creditors]]
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| * [[Individual Voluntary Arrangement]]
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| * [[Insolvency Act]]
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| * [[Insolvency practitioner]] | | * [[Insolvency practitioner]] |
| * [[Insolvency Service]]
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| * [[Liquid]]
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| * [[Liquidate]]
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| * [[Liquidity]]
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| * [[Liquidity risk]]
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| * [[London Approach]]
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| * [[Scheme of arrangement]]
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| * [[Solvency]]
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| * [[Solvency II]]
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| * [[Statement of affairs]]
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| * [[Voluntary liquidation]]
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| * [[Wrongful trading]]
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| [[Category:Long_term_funding]]
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| [[Category:Compliance_and_audit]] | | [[Category:Compliance_and_audit]] |
| [[Category:Manage_risks]]
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| [[Category:Treasury_operations_infrastructure]]
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Revision as of 15:25, 22 August 2013
(IA).
Key UK legislation relating to insolvency.
See also
