- commercial insolvency
- Inability of a business to pay its debts as they become due in the regular and ordinary course of business.See also bankrupt
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
commercial insolvency
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Commercial insolvency in Canada — A closed restaurant in Gananoque, Ontario Commercial insolvency in Canada has options and procedures that are distinct from those available in consumer insolvency proceedings. It is governed by the following statutes: The Bankruptcy and… … Wikipedia
commercial insolvency — Inability of a business to pay its debts as they become due in the regular and ordinary course of business. See also bankrupt insolvency … Black's law dictionary
commercial — com·mer·cial adj: of or relating to commerce commercial regulations com·mer·cial·ly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. commercial … Law dictionary
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
Commercial Paper Funding Facility — (CPFF) was a system created by the United States Federal Reserve Board during the Global financial crisis of 2008 to improve liquidity in the short term funding markets. The CPFF was created on October 27, 2008 and funded a special purpose… … Wikipedia
Insolvency law of Switzerland — The insolvency law of Switzerland is the law governing insolvency, foreclosure, bankruptcy and debt restructuring proceedings in Switzerland. It is principally codified in the Federal Statute on Debt Enforcement and Bankruptcy ( de. Bundesgesetz… … 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 of corporation — An insufficiency of assets to pay debts. In a more commercial sense, an inability to pay debts as they become due in the ordinary course of business. 19 Am J2d Corp § 1569. See also insolvency … Ballentine's law dictionary
European Centre for Comparative Commercial and Company Law — The European Centre for Comparative Commercial and Company Law (Centrum C law.org, Europejskie Centrum Porównawczego Prawa Gospodarczego i Prawa Spółek ) is a non profit, think tank type organization with registered office situated in Cracow,… … Wikipedia
Report of the Review Committee on Insolvency Law and Practice — (1982) Cmnd 8558, also known as the Cork Report was an investigation and set of recommendations on modernisation and reform of UK insolvency law. It was chaired by Kenneth Cork and was commissioned by the Labour government in 1977. The Cork… … Wikipedia
