Insolvency
71Administration (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 …
72company insolvency proceedings — there are four types of insolvency proceedings that govern the affairs of insolvent companies: voluntary arrangements under Part I of the Insolvency Act 1986; administration orders under Part II; receivership under Part III; and winding up under… …
73Canadian Association of insolvency and Restructuring Professionals — (CAIRP) The Canadian Association of insolvency and Restructuring Professionals is the national professional organization representing 913 general members acting as trustees in bankruptcy, receivers, agents and consultants in insolvency matters.… …
74Protection of Workers' Claims (Employer's Insolvency) Convention, 1992 — Infobox ILO convention code= C173 name= Protection of Workers Claims (Employer s Insolvency) Convention, 1992 adopt= June 23, 1992 force= June 8, 1995 classify= Protection of Wages subject= Wages prev= Working Conditions (Hotels and Restaurants)… …
75administrative insolvency — USA administrative insolvency, Also known as administratively insolvent. The inability of a debtor in bankruptcy to pay its administrative expenses, such as attorneys fees and other professional fees. Administrative claims must be paid in full as …
76Accounting Insolvency — A situation where the value of a company s liabilities exceeds its assets. Accounting insolvency looks only at the firm s balance sheet, deeming a company insolvent on the books when its net worth appears negative. Accounting insolvency is a… …
77absolute insolvency — See insolvency. Collins dictionary of law. W. J. Stewart. 2001 …
78apparent insolvency — See insolvency. Collins dictionary of law. W. J. Stewart. 2001 …
79certificate of insolvency — a document that states that a company is insolvent. An administrator, on forming the opinion that the relevant circumstances in which a company is deemed to exist, must forthwith issue a certificate of insolvency. Notice of the certificate is to… …
80Technical insolvency — Default on a legal obligation of the firm. For example, technical insolvency occurs when a firm doesn t pay a bill. The New York Times Financial Glossary default on a legal obligation of the firm. Technical insolvency occurs when a firm doesn t… …
