A number of legal systems make provision for companies trading while insolvent to be unlawful in certain circumstances, and provide for directors to become...

Kingdom, only an authorised or licensed insolvency practitioner (IP) may be appointed in relation to formal insolvency procedures. Quite often IPs have an...

insolvency are said to be insolvent. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company...

insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent...

of the insolvent company. Under Australian insolvency law the equivalent concept is called "insolvent trading". The principle of wrongful trading was introduced...

law professors who both specialise in financial issues, suggest that an insolvent bank should go into receivership rather than conservatorship to guard...

Part VIII of the Insolvency Act 1986. It constitutes a formal repayment proposal presented to a debtor's creditors via an insolvency practitioner. Usually...

imposes court supervision over the financial affairs of those who are insolvent or in default. Default can be of two types: debt services default and...

The Insolvency and Bankruptcy Code, 2016 (IBC) is an Indian law which creates a consolidated framework that governs insolvency and bankruptcy proceedings...

Pre-packaged insolvency (a "pre-pack") is a kind of bankruptcy procedure, where a restructuring plan is agreed upon in advance of a company declaring its...

must first go through the appointed Insolvency Practitioner. The creditors will begin to deal with the Insolvency Practitioner and readily accept annual...

the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency. The word bankruptcy is derived...

may have power to bring proceedings for wrongful trading or, in extreme cases, for fraudulent trading. However, the liquidator cannot normally enter into...

were being undertaken into whether the restaurant companies were trading while insolvent, if there had been unfair preferences or potential breaches of...

Bankrupts Act 1542, introducing the pari passu principle for creditors of insolvent persons. Pari passu means treat at par from the previous issue. Seniority...

United Kingdom insolvency law regulates companies in the United Kingdom which are unable to repay their debts. While UK bankruptcy law concerns the rules...

tools of the trade may, depending on the available exemptions, be a permitted exemption as their continued possession allows the insolvent debtor to move...

party making the transfer, sometimes by rendering the transferring party insolvent. It is generally treated as a civil cause of action that arises in debtor/creditor...

Cross-border insolvency (sometimes called international insolvency) regulates the treatment of financially distressed debtors where such debtors have...

seeking relief from the automatic stay.[citation needed] If the business is insolvent, its debts exceed its assets and the business is unable to pay debts as...

against errant directors or shadow directors for either wrongful trading or fraudulent trading. The liquidator may also have to determine whether any payments...

contrast to insolvency. The weakness of this concept is that is practically impossible to prove that an asset is only temporarily illiquid. While normally...

of "wrongful trading" (or "insolvent trading") where the burden of proof is lower. Where applications are brought for fraudulent trading, it is usually...

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Australian insolvency law regulates the position of companies which are in financial distress and are unable to pay or provide for all of their debts or...

company, and are responsible for ensuring that the company does not trade while insolvent Shareholders of the company. The cash flow statement shows the sources...

where a company cannot meet its financial obligations and is said to be insolvent. The receivership remedy is an equitable remedy that emerged in the English...

in charge of administering a bankruptcy estate. In Canada, a licensed insolvency trustee (LIT) is an individual or a corporation licensed by the official...

no liability for what is commonly referred to as wrongful trading or trading while insolvent in other jurisdictions. In the absence of any specific corporate...

insolvency, by virtue of Section 91(2) of the Constitution Act, 1867. It has passed the following statutes as a result: The Bankruptcy and Insolvency...