How to use insolvent in a sentence

Looking for sentences and phrases with the word insolvent? Here are some examples.

Sentence Examples 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. In the course of the proceedings Elko has gone into insolvent liquidation, with the result that this counterclaim can be ignored. In the UK, if directors continue to trade when their company is technically insolvent, they run the risk of being personally liable. This year, about 300 directors of 140 insolvent companies are facing restriction proceedings in the High Court. A difficult question arises in respect of this contract where the issuer becomes insolvent. Cancellation of debt income is not includable in income if the taxpayer is in bankruptcy, or to the extent the taxpayer is insolvent. 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. Liquidator reports on 49 insolvent technology companies were sent to the Office of the Director of Corporate Enforcement last year. Unable to pay their dollar debts, most Turkish banks were technically insolvent. Face up to the problems, he was told, bankrupt insolvent companies and resolve the institutional debt problem. Faced with such a situation, if the firm could not raise cash by obtaining more credit immediately, it would be insolvent. The amiable and insolvent owner of the 300-acre estate died after being ambushed near his demesne. If one joint or joint and several debtor is insolvent, the loss resulting from his insolvency is spread equally among the solvent debtors. If the employer is insolvent and unable to restore the funds the pension scheme will be able to claim compensation. Some of these duties relate to care and diligence, acting in the best interests of the company, and a duty to prevent insolvent trading. Whenever one becomes insolvent, liquidate it and create a new one under new management. The park was auctioned two weeks ago as part of the insolvent estate which was sequestrated by the High Court last August. A solvent insurer at one point can become insolvent soon for variety of reasons. It would, of course, be a strange case in which the third party chose to pursue the insolvent insured rather than the solvent insurer. Appleby said the ODCE had targeted about 400 insolvent unliquidated companies and written to 30 or 40 of them. Show More Sentences When carriers underpriced their workers' compensation product to gain market share in the late 1990s, some carriers became insolvent. The financial plight of the company means it is insolvent and has been losing rafts of money. As a result, insolvent companies are not wound up but sit idle, usually heavily in debt, until they are struck off the register. Under the Corporations Law, directors who incurred debts while a company is insolvent can be held personally responsible. He had not recommended the rescue of insolvent banks in the hinterlands that did not threaten the money market. Many defined benefit funds are technically insolvent because Irish law lays down strict regulations on their valuation. By late 1899, he managed to acquire the goodwill of their insolvent shipbuilding business. If, for example, the offeror becomes insolvent during that time, they've got your shares and you don't get the money. This is to prevent an insolvent from transferring assets to their spouses to avoid the consequences of sequestration. They appointed a liquidator to an undoubtedly insolvent company that has no assets. If the company became insolvent and pension contributions went down the plughole, workers would not receive any state aid, trustees argued. If an extended warranty provider becomes insolvent, the very least a consumer will want is to be able to recover his premiums. The share of insolvent liquidations remains at a low level by historical comparison. 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. In acute cases the company may already have become insolvent or gone into liquidation. Unless insolvent institutions are recapitalized with sufficient real capital and banks end their ruinous lending practices, the stock of bad loans will continue to rise. Last week, however, this once great company declared itself insolvent. 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. He has said publicly he has no idea how it could be that HIH is insolvent. In most industries, companies are, or should be, allowed to go under if they become insolvent. Show More Sentences Under current projections, Social Security will become insolvent by 2037, as more baby boomers retire. If these banks fail outright, some of their creditors will become insolvent as well. For better or for worse, the fact that businesses become insolvent will become an increasingly common occurrence in our daily economic life. Should liability apply only where directors know, or ought reasonably to know, that the corporation is likely to become insolvent or bankrupt? In acute cases the firm may already have become insolvent or may be the subject of collective insolvency proceedings. For example, what happens if these pension funds become insolvent or bankrupt or cannot fulfil their commitments? But the use of the solvency test can, in some circumstances, place an inappropriate burden on sponsors that are unlikely to become insolvent. A debtor is insolvent if they are in default of their enforceable obligations. Members cannot be required to reinvest patronage returns if their co-op is insolvent. The arbitration ceased mid-way in April 2008 when the buyer was the subject of a petition for receivership and was understood to be insolvent. By 1999, however, the miracle seemed to have petered out as the economy was dominated by inflation, debt and an insolvent banking system. Can an insolvent licensee assign the benefit of a licence in order to raise funds? No. Were the company to be declared insolvent and go into receivership, any sensible receiver would keep the plants running. The problem for the financial sector is that they don't want to admit the size of their bad debts, for fear that if they did, they would then be insolvent. Funding an insolvent company that has not filed for insolvency can be risky for the creditor. On Tuesday, he claimed the company, which went bust in 1990, was not insolvent. It's not, after all, as if the U. S. economy has never had to deal with big insolvent banks before. Before he fled the UK, Nadir, who had been declared insolvent, had become notorious for frustrating the efforts of his bankruptcy trustees. Before this purchase could be transferred to the registration office, one of the vendor companies was declared insolvent. Around the world, financial institutions that had been in existence for decades found themselves completely insolvent. Show More Sentences It happens more often with insolvent companies, but it also happens in partnerships, including solvent partnerships, like this one. Its purpose is to bring about the discharge of the insolvent debtor to enable him or her to establish new relations with creditors. Without the funding aid given by the Federal Reserve and Treasury, American Express might be insolvent. This can arise because your customer becomes insolvent or because your customer does not pay within the set timeframe. Accordingly the company was insolvent and unable to pay its debts. 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. 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. Guaranteeing the debt of insolvent institutions and covering up the loss exposures this creates for a country's taxpayers is costly in three ways. The section applies only where the company has reached the position that there is no reasonable prospect that the company will avoid insolvent liquidation. We know there is a liquidation, we know there is an insolvent liquidation. After setting out the facts of the case before him, and the scheme for the payment of debts in an insolvent liquidation, the Vice-Chancellor said this. 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. Shortly thereafter, the defendant bank went into insolvent liquidation. The truth, as many experts have maintained, is that the leading banks are insolvent, and have been so for more than a year. And the reality is, if the subprime securities are truly trash, most of the big banks are troubled and some are insolvent. The alternative allowing the insolvent banks to fail, seizing the assets, wiping out shareholders, giving bond holders a serious haircut is still not on the official agenda. Furthermore, high debt levels may negatively affect common stockholders, who are last in line for claiming payback from a company that becomes insolvent. Plans with perfectly healthy going concern positions are calculated as being insolvent, resulting in huge special payments that are draining the working capital of broadcasters with these plans. Where this disentangling can be effected, adherence to the separate entity principle operates to limit creditor recovery to the assets of the insolvent group member. In the event that this client is no longer in a position to recover his securities because the depository institution has become insolvent, he can turn to the protection scheme to make good the loss he might have incurred. Show More Sentences The principal risk when lending securities is that the borrower might become insolvent or refuse to honor its obligations to return the securities. The use of those assets might raise questions of avoidance, particularly where the supporting member subsequently became insolvent, and also raises concerns for creditors of that member. And, this insolvent demand is essentially farm-based. While accumulating more debt would increase the vulnerability of these households to future shocks, it may nonetheless prevent them from becoming insolvent. A public debtor or guarantor is a debtor or guarantor who, in one form or another, represents the public authority itself and cannot either judicially or administratively be declared insolvent. Illustration 23-4: Fraudster may overvalue assets of an insolvent entity, knowing that victims will believe the fraudster's valuations have been reviewed by or verified by the court or insolvency representative. In January 2011 it was reported that the promoter of Summer Madness was insolvent. These farmers are concerned because if their quota loses value, which it certainly will when there is more competition allowed into the system, in some cases they will become insolvent. An entrepreneur will be threatened by insolvency if, despite performing their obligations, it is obvious that according to a reliable assessment of their economic situation they will soon become insolvent. Assuris is a not for profit organization that protects Canadian policyholders in the event that their life insurance company should become insolvent. If institutions become insolvent, others in the system with which they deal may be faced with liquidity problems or may even be forced into bankruptcy. In a protracted liquidity crisis, the solvent become insolvent. Both are held by the Workers Partyy, but are in jeopardy if the party is declared insolvent as a result of a defamation award made against it a method used in the past to bludgeon opposition politicians. An issue for discussion is whether a corporate director should be liable in these cases only where he or she knows, or ought reasonably to know, that the corporation is likely to become insolvent or bankrupt. The other method assumes that the sponsor could become insolvent at any time, and so sufficient funds to cover actuarial liabilities must always be available to cover that risk. If a company becomes insolvent and declares bankruptcy, the promised pensions would be paid out before other creditors, including banks, before banks could deplete the remaining business assets. When liquidity vanishes, banks quickly become insolvent. The company warned it might become insolvent. However, the provision for losses takes into account only the value of securities and bonds related to companies that are insolvent or that would likely become insolvent in the short term. Average income and the gross national product are in a process of constant decline, while hyper inflation and the debt crisis make the state nearly insolvent. Show More Sentences This involves several steps: ascertain which banks are insolvent, take them over, sever the most toxic assets and sell them over time or hold them to maturity. The issue of what happens when the operators of existing mines become insolvent poses a distinct and unique challenge to both the regulatory system and the application of this Policy. Anglo Irish was effectively insolvent when the bonuses were paid. This is the man who revealed that Northern Rock, one of the biggest banks in the country, was technically insolvent, and that HBOS was in such peril it needed an emergency rescue from Lloyds. We may qualify for express claim processing if we have placed the debt with a collection agency prior to submitting a claim or if our customer is insolvent. The banks or brokerage firms selected to act as custodians may become insolvent, causing the Fund to lose all or a portion of the funds or securities held by those custodians. At what point should it be considered insolvent? Neumann says the case should also help unions obtain leave to bring legal proceedings before labour relations boards across Canada, when employers become insolvent. This contributes, in particular, to giving little operational value to the distinction between illiquid and insolvent institutions, on which the role of central banks as a lender in last resort is conditional. The production in Bavaria, Germany has been commenced by the company successor of insolvent Sputnik Engineering AG, the Swiss maker of SolarMax inverters. The 1975 Act would have applied if Equitable Life had become insolvent. Unable to meet those demands, the banking system became insolvent. To get Railtrack out of administration, the government had to go back to the High Court and present evidence that the company was no longer insolvent. Shares also normally have a nominal or par value, which is the limit of the shareholder's liability to contribute to the debts of the company on an insolvent liquidation. Examples from Classical Literature Let us suppose that the estate is insolvent and cannot pay all of its debts in full. As for the detainer against me, I was obliged to go through the court for the relief of insolvent debtors. Unless the maker of a note is insolvent, a bank can never pay the unmatured note of a depositor. The banking house of which he had been the head was insolvent. My father died insolvent and the homestead was sacrificed to pay his debts. And Rembrandt died insolvent, while Sir Godfrey amassed a fortune! It was quite as good as an insolvent Act, and infinitely more genteel. If he collected every cent due him he would be just as insolvent. She looked insolvent, a dweller in the past, crippled by an acute memory. The NCUA said the Iowa Credit Union Division concluded Louden Depot Community was financially insolvent and would not be able to reinstate operations. When the NCUA liquidated Shiloh in April, the agency stated that the volunteer-run credit union was insolvent and had no prospect for restoring viable operations. Having died insolvent, it had been purchased, at a bargain, by Legree, who used it, as he did everything else, merely as an implement for money-making. Find more words! 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What is the opposite of insolvent? Words that rhyme with insolvent What is the plural of insolvent? What is the adverb for insolvent? What is the adjective for insolvent? What is the noun for insolvent? Translations for insolvent Use our Sentence Generator Nearby Words insolvency insolvable insoluble insolubility insoles insolently in some alarm in some cases in some measure in some way insomnia insomniac 9-letter Words Starting With i in ins inso insol insolv insolve insolven