Act of insolvency — Insolvent In*sol vent, a. [Pref. in not + solvent: cf. OF. insolvent.] (Law) (a) Not solvent; not having sufficient estate to pay one s debts; unable to pay one s debts as they fall due, in the ordinary course of trade and business; as, in… … The Collaborative International Dictionary of English
act of insolvency — An act or omissions of a debtor which justifies the filing of a petition in insolvency against him, such as making a general assignment for the benefit of creditors, failure to procure the dissolution of an attachment of his property,… … Ballentine's law dictionary
act of insolvency — See act of bankruptcy … Black's law dictionary
act of insolvency — See act of bankruptcy … Black's law dictionary
act of insolvency — see act of bankruptcy … Useful english 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 — In*sol ven*cy, n.; pl. {Insolvencies}. (Law) (a) The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and… … The Collaborative International Dictionary of English
act — 1 n 1 a: something done by a person in accordance with his or her free will a tortious act see also actus reus b: the failure to do something that one has a legal duty to do – called also negative act; 2 a … Law dictionary
act of bankruptcy — or act of insolvency : an act specified by law as subjecting a person to be proceeded against as an involuntary bankrupt or insolvent … Useful english dictionary
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
