insolvency process

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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

• 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 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

• 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

• 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

• Administration (insolvency) — Administration is a procedure under the insolvency laws of a number of common law jurisdictions which functions as a rescue mechanism for insolvent companies and allows them to carry on running their business. The process mdash; an alternative to …   Wikipedia

• hardening period — United Kingdom If a company goes into a formal insolvency process, an insolvency practitioner may challenge transactions entered into by the company before the start of the relevant insolvency procedure. The period when such transactions are… …   Law dictionary

• Leo Kirch — (born 21 October 1926 in Volkach, Bavaria) is a German media entrepreneur who founded the Kirch Group.LifeLeo moved shortly after he was born to the nearby town of Würzburg. After completing high school he studied marketing and management as well …   Wikipedia

• National Organization of Life and Health Insurance Guaranty Associations — The National Organization of Life and Health Insurance Guaranty Associations[1] (often abbreviated NOLHGA) is a voluntary, U.S. association made up of the life and health insurance guaranty associations of all 50 states, the District of Columbia …   Wikipedia

• superintendent of bankruptcy — The person appointed by the Federal Government to supervise the administration of insolvency estates in Canada (Ontario Bankruptcy Dictionary) A federally appointed official who oversees the administration of the Bankruptcy and insolvency Act in… …   Glossary of Bankruptcy

• proof of debt — United Kingdom The form (proof of debt general form) on which a creditor submits details of its claim in a liquidation. In an administration, there is no prescribed proof of debt form but in practice administrators adopt the format of the proof… …   Law dictionary