- voluntary insolvency
- voluntary insolvency vom Gemeinschuldner beantragtes Insolvenzverfahren n
English-german law dictionary. 2013.
voluntary insolvency
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Insolvency — means the inability to pay one s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable… … Wikipedia
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
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Insolvency practitioner — In the United Kingdom, only an authorised or licensed Insolvency Practitioner (usually abbreviated to IP) may be appointed in relation to formal insolvency procedures. Quite often IPs have an accountancy background. A few active practitioners are … Wikipedia
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Insolvency Service — The Insolvency Service is an executive agency of the United Kingdom s Department for Business, Enterprise and Regulatory Reform (BERR) which:* administers and investigates the affairs of bankrupts, of companies and partnerships wound up by the… … Wikipedia
insolvency — The insufficiency of the entire property and assets of an individual to pay his debts. 29 Am J Rev ed Insolv § 2. In a practical commercial sense, the inability of a person to pay his debts as they become due in the ordinary course of his… … Ballentine's law dictionary
Insolvency Act 1986 — The Insolvency Act 1986 (1986 c. 45) is the statutory legislation that provides the legal platform for all matters relating to personal and corporate insolvency in the UK. Elements of the act have been updated by the Enterprise Act 2002 which… … Wikipedia
insolvency practitioner — A person authorized to undertake insolvency administration as a liquidator, provisional liquidator, administrator, administrative receiver, or nominee or supervisor under a voluntary arrangement. Insolvency practitioners must be members of an… … Accounting dictionary
insolvency practitioner — A person authorized to undertake insolvency administration as a liquidator, provisional liquidator, administrator, administrative receiver, or nominee or supervisor under a voluntary arrangement Insolvency practitioners must be members of an… … Big dictionary of business and management
Voluntary Liquidation — A corporate liquidation that has been approved by the shareholders of the company. Voluntary liquidations stand in contrast to involuntary liquidations, which are a result of Chapter 7 bankruptcy. The shareholder vote allows the company to… … Investment dictionary
