existing indebtedness — For some purposes, a liquidated demand or a sum of money due by certain and express agreement. Craig v Gaddis, 171 Miss 379, 157 So 684. 95 ALR 1494 (availability of remedy of attachment); Wing v Slater, 19 RI 597, 35 A 302 (personal liability of … Ballentine's law dictionary
bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… … Universalium
Colin Gwyer & Associates Ltd v London Wharf (Limehouse) Ltd — Court High Court, Chancery Division Date decided 13 December 2002 Citation(s) [2003] BCC … Wikipedia
Debt deflation — is a theory of economic cycles, which holds that recessions and depressions are due to the overall level of debt shrinking (deflating): the credit cycle is the cause of the economic cycle. The theory was developed by Irving Fisher following the… … Wikipedia
Administration (law) — As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – an… … Wikipedia
Priming Loan — A form of debtor in possession, or DIP financing, whereby the debtor company is able to obtain a loan to assist in specific areas of the business while it is in Chapter 11 proceedings. A priming loan must satisfy requirements for the existing… … Investment dictionary
preference — The paying or securing to one or more of his creditors, by an insolvent debtor, the whole or a part of their claim, to the exclusion or detriment of the rest. The act of an insolvent debtor who, in distributing his property or in assigning it for … Black's law dictionary
exist — I verb be, be alive, be in effect, be in present force, breathe, come into existence, continue, continue to be, continue to live, endure, esse, exsistere, exstare, go on, have being, have existence, have life, inhere, last, live, live on, persist … Law dictionary
Lisburn Distillery F.C. — Lisburn Distillery F.C. Full name Lisburn Distillery Football Club Nickname(s) The Whites Founded 1880 (as Distillery) … Wikipedia
DAK Industries — The DAK Catalog was published by DAK Industries, a discount electronics importer in the United States, and was named after the initials of the company s owner, Drew Alan Kaplan. Contents 1 Founding 2 1980s 3 Bankruptcy 4 … Wikipedia
