- 1Unable to pay debts owed: the company became insolventMore example sentences
- China's banks are technically insolvent, with bad debts making up 45% of their loans, according to Standard & Poor's.
- In the former, the set-off was to be executed by a third party, with whom both the creditor and the insolvent debtor maintained their accounts.
- If the employer is insolvent and unable to restore the funds the pension scheme will be able to claim compensation.
- 1.1Relating to insolvency: insolvent liquidationMore example sentences
- Section 214 of the Insolvency Act imposes that liability where the director knew, or ought to have concluded, that there was no reasonable prospect that the company would avoid going into insolvent liquidation.
- Administration orders were made in respect of the principal companies in the Group in this court on 26 February 1995, and they have subsequently been placed in compulsory insolvent liquidation.
- The question is whether he knew or ought to have concluded at some time before the commencement of the winding up that there was no reasonable prospect that VKV would avoid going into insolvent liquidation.
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- An insolvent person.More example sentences
- Since when did insolvents have the right to impose their failed prescriptions on flourishing entrepreneurs?
- Others with a more monetary bent could base their entire philanthropic nature on this tale of a robbing rodent who swipes from the miserly and scats on the insolvent.
- This is to prevent an insolvent from transferring assets to their spouses to avoid the consequences of sequestration.