- insolvency proceedings
- See proceedings in insolvency.
Ballentine's law dictionary. Anderson, W.S.. 1998.
insolvency proceedings
Look at other dictionaries:
company insolvency proceedings — there are four types of insolvency proceedings that govern the affairs of insolvent companies: voluntary arrangements under Part I of the Insolvency Act 1986; administration orders under Part II; receivership under Part III; and winding up under… … Law dictionary
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Insolvency — means the inability to pay one s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable… … Wikipedia
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insolvency — The condition of a person or business that is insolvent; inability or lack of means to pay debts. Such a relative condition of a person s or entity s assets and liabilities that the former, if all made immediately available, would not be… … Black's law dictionary
Commercial insolvency in Canada — A closed restaurant in Gananoque, Ontario Commercial insolvency in Canada has options and procedures that are distinct from those available in consumer insolvency proceedings. It is governed by the following statutes: The Bankruptcy and… … Wikipedia
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