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insolvency law

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  • Insolvency law of Switzerland — The insolvency law of Switzerland is the law governing insolvency, foreclosure, bankruptcy and debt restructuring proceedings in Switzerland. It is principally codified in the Federal Statute on Debt Enforcement and Bankruptcy ( de. Bundesgesetz… …   Wikipedia

  • insolvency law — noun or insolvent law or insolvency statute or insolvent statute : a state statute that affords to an insolvent debtor relief from and sometimes full discharge of debts upon his surrender for the benefit of his creditors of all his property not… …   Useful english dictionary

  • Report of the Review Committee on Insolvency Law and Practice — (1982) Cmnd 8558, also known as the Cork Report was an investigation and set of recommendations on modernisation and reform of UK insolvency law. It was chaired by Kenneth Cork and was commissioned by the Labour government in 1977. The Cork… …   Wikipedia

  • United Kingdom insolvency law — deals with the insolvency of firms in the United Kingdom. The primary pieces of legislation are the Insolvency Act 1986 and the Enterprise Act 2002.History*Bankruptcy Act 1542 *Statute of Anne Bankruptcy Act 1705Company lawHowever, there are… …   Wikipedia

  • insolvency — in·sol·ven·cy /in säl vən sē/ n pl cies 1: the fact or state of being insolvent compare bankruptcy 2: insufficiency (as of an estate) to discharge all enforceable debts ◇ Insolvency matters are covered under the Bankruptcy Code. Merriam …   Law dictionary

  • insolvency practitioner — An individual authorised under the Insolvency Act 1986 to act in insolvency matters, appointed either by a recognised professional body or relevant authority. Easyform Glossary of Law Terms. UK law terms. insolvency practitioner …   Law dictionary

  • Insolvency Practitioners Tribunal — the tribunal to which an insolvency practitioner may appeal if served with a notice that the competent authority proposes to refuse or withdraw authorisation. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • Law of Property Act receiver — (LPA receiver) England, Wales A person (not necessarily an insolvency practitioner) appointed under the Law of Property Act 1925 by a lender holding a fixed charge over property to enforce the lender s security. An LPA receiver has the powers and …   Law dictionary

  • 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

  • Law of the British Virgin Islands — The law of the British Virgin Islands is a combination of common law and statute, and is based heavily upon English law.Law in the British Virgin Islands tends to be a combination of the very old and the very new. As a leading offshore financial… …   Wikipedia

  • UNCITRAL Model Law on Cross-Border Insolvency — International The United Nations Commission on International Trade Law (UNCITRAL) adopted a Model Law on Cross Border Insolvency (Model Law) in 1997. The Model Law provides a suggested framework of legislation that, if implemented, sets out when… …   Law dictionary

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