insolvent
دوالیا
definition
noun
Since when did insolvents have the right to impose their failed prescriptions on flourishing entrepreneurs?
an insolvent person.
adjective
the company became insolvent
unable to pay debts owed.
translation of 'insolvent'
adjective
مفلس
example
The section applies only where the company has reached the position that there is no reasonable prospect that the company will avoid 'insolvent' liquidation.
He has so far taken significant steps against the directors of 'insolvent' companies who fail to cancel out debts by following the appropriate liquidation route.
In the course of the proceedings Elko has gone into 'insolvent' liquidation, with the result that this counterclaim can be ignored.
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' .
Guaranteeing the debt of 'insolvent' institutions and covering up the loss exposures this creates for a country's taxpayers is costly in three ways.
This arrangement gives customers access to the source code if the vendor gets into trouble, usually if the vendor becomes 'insolvent' or is unable to support the code.
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.
That's crucial: HITC is technically 'insolvent' , and customers keep pulling funds.
If it were to go into 'insolvent' liquidation at that stage, the original directors of TMC would have committed no offence under section 207, because there would have been no transfer of TMC's property by them.
For much of the last fifty years the country's banks have operated as cashiers for often 'insolvent' state enterprises, paying little attention to their ability to repay, and building up a mountain of bad debt.
Liquidator reports on 49 'insolvent' technology companies were sent to the Office of the Director of Corporate Enforcement last year.
Cancellation of debt income is not includable in income if the taxpayer is in bankruptcy, or to the extent the taxpayer is 'insolvent' .
Face up to the problems, he was told, bankrupt 'insolvent' companies and resolve the institutional debt problem.
There will also be a restriction on the re-use by a former director of a company name when that company is in 'insolvent' liquidation.
If the employer is 'insolvent' and unable to restore the funds the pension scheme will be able to claim compensation.
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.
In the UK, if directors continue to trade when their company is technically 'insolvent' , they run the risk of being personally liable.
VIB then went into 'insolvent' liquidation on July 25, 1997 with a substantial deficiency.
This will increase the chances of the new combination making a successful bid for the assets of Daewoo, the remaining major Korean car builder, which is now 'insolvent' and being sold off by its creditors.
This is to prevent an 'insolvent' from transferring assets to their spouses to avoid the consequences of sequestration.
If one joint or joint and several debtor is 'insolvent' , the loss resulting from his insolvency is spread equally among the solvent debtors.
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.
In any event there is in this case a theoretical risk of loss undertaken by the Bank if JLPG, JLP and JL went into 'insolvent' liquidation.
We know there is a liquidation, we know there is an 'insolvent' liquidation.
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.
When the property market went sour, the company's undertaking was sold by administrative receivers, and it went into 'insolvent' liquidation in July 1993.
This year, about 300 directors of 140 'insolvent' companies are facing restriction proceedings in the High Court.
One provision makes it easier for the Central Bank to force 'insolvent' institutions into bankruptcy, giving investors and creditors a legal framework for recovering assets.
The share of 'insolvent' liquidations remains at a low level by historical comparison.
Unable to pay their dollar debts, most Turkish banks were technically 'insolvent' .
Credits: Google Translate
