Insolvent
insolvent (adjective) - cannot repay your debts in full, not having enough money to pay what you owe
old laws gave a creditor tyrannical powers of coercion over his insolvent debtor
declared insolvent by the court
all the assets of the insolvent company were repossessed
insolvent by reason of having incurred a number of bad debts
when a customer becomes insolvent
the company is technically insolvent
a heavily indebted insolvent company
plans to take over insolvent private banks
liabilities exceed its assets, making it technically insolvent
laid off its entire workforce after the company was declared insolvent
staff were told their fate as the limited company was declared insolvent
risk of counterparty becoming insolvent before transaction finishes
liquidation of an insolvent company
in the event of a company's insolvent liquidation
many companies which go into liquidation are insolvent
ought to have realized that insolvent liquidation was inevitable
the threat of unlawful trading while technically insolvent
in the event that the continuing partners have outstanding claims against their
an insolvent former colleague
they appeared to be insolvent
provision had been made for any firm that might become financially insolvent
when a borrower was systematically unable to meet commitments by the required date he became insolvent
Example sentences:
* If you borrow money from a bank and it becomes insolvent you do not have a problem.
* The March Formula One motor racing team has laid off its entire workforce after the company was declared insolvent.
* The company has been declared insolvent.
* When a borrower was systematically unable to meet commitments by the required date he became insolvent, the final stage when all his remaining assets were repossessed.
* Some saw old laws which gave a creditor tyrannical powers of coercion over his insolvent debtor as the barbarous expedients of a rude age which were both unjust and inhumane.
* The private equity company plans to take over insolvent private banks.
* The bank's liabilities exceed its assets, making it technically insolvent.
* A liquidator was then appointed to Berg, which was an insolvent company and heavily indebted to a number of banks and discount houses.
* Moreover, provision had been made for any firm that might become financially insolvent; in this way, systemic risk was largely averted.
* At the head office in Witney yesterday staff were told their fate as the limited company was declared insolvent with debts of more than three hundred thousand pounds a year.
* Before acquisition they became aware that far from being the prosperous enterprise the business had appeared to be, it was in fact insolvent by reason of having incurred a number of bad debts.
* These devices often put a creditor in a position superior to that of other unsecured creditors in the event of a company's insolvent liquidation.
* One of the risks inherent in negotiating and transferring bulk cargo paper-based bills of lading is that an endorser-transferor may become insolvent prior to the transferee's or endorsee's acquiring possession of the bill of lading.
* TI pays claim on domestic business, within 30 days of receipt of a satisfactory confirmation of debt from the administrator of the insolvent estate.
* In spite of having agreed to grant credit, the seller does have a lien if, before the seller relinquishes possession, the buyer becomes insolvent.
* We knew in 1985 that when we made our preliminary announcement of our results for the previous financial year that we would become technically insolvent.
* We must know whether this company is insolvent and therefore whether it should continue trading.
* This is the justification of the law of bankruptcy, originally applicable only to traders, but now, with few exceptions, to all insolvent persons.
* The law, which Benjamin Haydon regarded as an enemy, remained hostile to insolvent debtors throughout this time.
* In 1861 the Insolvent Debtors Court had been abolished, he said, but imprisonment for debt continued.
* If your customer becomes insolvent or for some other claimable reason doesn't pay, what your insurance company settles with you when you claim is not 100 per cent of your loss but usually more like 80 per cent, the balance of the loss is still yours.
* In most cases receivership is followed by liquidation since the business is often left insolvent.
* The World Bank concluded that Hungary's two largest commercial banks, Magyan Hitel and Kereskedelmi, are technically insolvent.
* Provided all the shares are owned by a government agency or by a financial institution, a joint-stock company may become a one-man company, but if it becomes insolvent the sole shareholder is liable for all the company's indebtedness.
* It should be noted that, while many companies which go into liquidation are insolvent (i.e. cannot pay their debts in full), insolvency is not an essential ingredient of liquidation.
* Directors who ought to have realized that insolvent liquidation was inevitable, but who failed to take the necessary step to minimize the potential loss to creditors.
* At least 23 banks, with losses totalling nearly $1,000 million, were ordered to remain closed because they appeared to be insolvent.
* The federal government declared the Madison National Banks of Washington DC and Virginia insolvent on May 10.
* In the event that the continuing partners have outstanding claims against their insolvent former colleague, they will be able to prove for the same in his bankruptcy as ordinary unsecured creditors.
