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Insolvency
(redirected from insolvencies)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Insolvency
Describing a situation in which an individual or firm is unable to service its debts. This occurs when the individual or firm has a little or no cash flow, and may occur due to poor cash management. An insolvent individual or firm often declares bankruptcy, or it may arrive at an understanding with creditors in which it restructures payments.
Insolvency
A financial condition in which a taxpayer's total liabilities (debts owed) exceed the total fair market value of all his or her assets (cash and other property). A taxpayer is insolvent to the extent his or her liabilities exceed his or her assets.
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COMPANY insolvencies may worsen if the Government gets tough on failing firms.
Failures may rise if taxman gets tough by Daily Post (Liverpool, England)
Byline: NEIL HODGSON ACCOUNTANTS have warned that a fall in corporate insolvencies may be the calm before the storm if the government starts getting tough on failing firms.
STORM COULD YET HIT FAILING FIRMS by Liverpool Echo (Liverpool, England)
Summary: Business leaders have been warned that the worst is yet to come for insolvencies in the UK.
Insolvencies 'will peak in 2010' by Independent Television News Limited (ITN)
 
 
 
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