One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders.
Unable to meet debt obligations. opposite of solvent. see also bankrupt, forfeiture.
It refers to a person who is unable to pay his debt.
(adjective) unable to pay debts (the noun is insolvency).
The inability to pay debts when due and/or meet other current financial obligations.
If debts cannot be paid when they are due for payment, the person or organisation owing the money is insolvent.
When the total debt of an entity is greater than all of its property.
a person is considered to be insolvent when they are unable to pay their debts as and when they fall due.
An individual who has ceased to pay his or her debts, or is unable to pay such debts, as demanded by creditors.
Financial condition in which one is unable to meet his or her obligations as they become due or in which one's liability exceeds one's assets at any given time.
a firm whose liabilities are greater than its debts.
When a business cannot pay its debts as they fall due.
someone who has insufficient assets to cover their debts
unable to meet or discharge financial obligations; "an insolvent person"; "an insolvent estate"
When one cannot pay his debts as they become due, and his debts exceed his assets.
Where a business is unable to pay its debts. Sometimes a term used for individuals instead of bankrupt.
Insolvent is a term applied to the condition that a business cannot pay its debts or meet its obligations. It is based on the idea that the business should have sufficient assets to dissolve its liabilities. When a business is insolvent, someone who is owed will not collect on the obligation because the liabilities are greater than the assets. In certain situations the courts will distribute the assets of the insolvent business, whatever they are, proportionately. All who are owed will lose the same percentage and no debtor will suffer a single great loss so that others can collect in full.
You are considered insolvent if you owe more money than you can re-pay, or if you can not meet your obligations as they come due.
when any individual or company has insufficient liquid resources to meet its debts.
A company or individual is said to be insolvent if they are unable to pay their debts as and when they fall due.
The inability to pay debts as they fall due in the usual course of business or the inability of the debtor to pay current obligations as they become due. There is no requirement of insolvency in the Bankruptcy Code.
A person who is unable to pay his debts and whose estate is declared insolvent in terms of the Insolvency Act 24 of 1936. See also 'Liquidation' below.
A term used to describe the negative financial condition of a person or business when they have an inability to pay their debts as they become due. A person is insolvent when their liabilities exceed their assets.
A person not able to pay debts generally as they become due.
A business that is unable to meet debt obligations, which may lead to bankruptcy or forfeiture of property.
The state of not being able to pay one's debts as they fall due or having an excess of liabilities over assets.
Unable to pay debts in full.
A company is insolvent if it has insufficient funds (all of its assets) to pay its debts (all of its liabilities). If a company's liabilities are greater than its assets and it continues to trade, it is not only insolvent, but in the UK, is operating illegally (Insolvency act 1986).
The 19th century equivalent of "bankrupt." For most of the 19th century no bankruptcy laws existed. When a debtor became unable to pay creditors, they could sue and the debtor could be adjudged insolvent. At this time debtors' prison existed in the United States; states did not begin to abolish it until the 1830s.
The condition of a person or company whose total debts exceed the total of their assets and the money owed to them.
Inability to meet one’s debts as they come due or within a reasonable time thereafter.
The state of being unable to pay one's debt obligations when they come due.
A person unable to pay his or her debts as they become due. "Insolvency" is a prerequisite to bankruptcy.
The word ‘Insolvent’ is largely understood and scares a lot of people. They think that Insolvency is the same a bankruptcy. IT IS NOT. You are INSOLVENT when you cannot afford to repay your bills. In other words, if you have borrowed some money and you have contracted to pay an amount back each month, and you cannot afford to meet that payment you are technically insolvent: defined as “unable to meet your repayment obligations as they fall dueâ€. If you are paying pack minimum payments on your credit card because that is all you can afford you could be insolvent. SO WHAT? If you are insolvent there are a number of Insolvency solutions that legally become available to you; namely Bankruptcy or an IVA. Both these solutions solve your debt problem by effectively writing off your unaffordable debt, though, clearly, Bankruptcy is more extreme than an IVA.
Unable to pay ones debts.
A firm that is unable to pay debts (liabilities are greater than assets).
Unable to repay debts . See bankruptcy .
Not having sufficient financial resources to meet financial obligations.
When an entity's LIABILITIES exceed its ASSETS.
The inability to pay liabilities as they become due. Some consider a company to be insolvent when its current liabilities exceed its current assets. To Top
Where a person's or business's liabilities exceed their assets.
Having insufficient financial resources ( assets) to meet financial obligations ( liabilities).
Unable to pay debts as they come due. Without funds.
If you dream that you are insolvent, you will not have to resort to this means to square yourself with the world, as your energy and pride will enable you to transact business in a fair way. But other worries may sorely afflict you. To dream that others are insolvent, you will meet with honest men in your dealings, but by their frankness they may harm you. For a young woman, it means her sweetheart will be honest and thrifty, but vexatious discords may arise in her affairs.