Insolvable - Law Dictionary Search Results
Home Dictionary Name: insolvableInsolvency
Insolvency, the state of one who has not property sufficient for the full payment of his debts. An insolvent, as distinguished from a bankrupt, was an insolvent who was not a trader: for until the passing of the (English) Bankruptcy Act, 1861, only a trader could be made bankrupt in the sense of obtaining an absolute discharge from his debts, while the future estate of an insolvent remained liable for his debts even after his discharge. The Acts from time to time in operation for the relief of insolvent debtors were 53 Geo. 3, c. 102; 1 & 2Vict. c. 110, ss. 23-120, 5 & 6 Vict. c. 122; 7 & 8 Vict. c. 96; 8 & 9 Vict. c. 127; 10 & 11 Vict. c. 102; and the (English) Bankruptcy Act, 1861 (24 & 25 Vict. c. 134), s. 230. By the (English) Bankruptcy Repeal and Insolvent Court Act, 1869 (32 & 33 Vict. c. 83), all the enactments on this subject theretofore existing were repealed, and provision was made for winding up and terminating all mattes pending under the Acts for the relief of insolvent d...
insolvency
insolvency pl: -cies 1 : the fact or state of being insolvent compare bankruptcy 2 : insufficiency (as of an estate) to discharge all enforceable debts NOTE: Insolvency matters are covered under the Bankruptcy Code. ...
Insolvency
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 business as a merchants insolvency...
Insolvent
Insolvent, a person is said to be 'insolvent' who has ceased to pay, his debts in the ordinary course of business, or cannot pay his debts as they become due, whether he has committed an act of insolvency or not. [Sale of Goods Act, 1930 (30 of 1930), s. 2(8)]...
insolvent
insolvent 1 : having ceased paying or unable to pay debts as they fall due in the usual course of business compare bankrupt 2 : having liabilities in excess of a reasonable market value of assets held 3 : insufficient to pay all debts [an estate] insolvent n ...
Undercharged insolvent
Undercharged insolvent, should be understood as meaning an insolvent who is a person who is in impecunious circumstances as is unable to repay the debt, Thampanoor Ravi v. Charupara Ravi, (1999) 8 SCC 74....
Undischarged insolvent
Undischarged insolvent, should be understood as meaning an insolvent who is a person who is in impecunious circumstances as is unable to repay the debt, Thamparoor Ravi v. Charupara Ravi, (1999) 8 SCC 74....
Insolvable
Not solvable insoluble admitting no solution or explanation as an insolvable problem or difficulty...
Insolvent
Not solvent not having sufficient estate to pay ones debts unable to pay ones debts as they fall due in the ordinary course of trade and business as in insolvent debtor...
Declaration of insolvency
Declaration of insolvency, a declaration by any person of inability to pay his debts which, when filed in the Bankruptcy Court, amounts to an 'act of bankruptcy.'-(English) Bankruptcy Act, 1914 (4 & 5 Geo. 5, c. 59), s. 1, sub-s. 1(f)....
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