Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,907,502,568 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

insolvent debtor

    0.01 sec.
See: delinquent


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Legal browser?   Full browser?
 
108(a), a bankrupt or insolvent debtor generally does not recognize COD income but is subject to a required reduction of tax attributes.
Generally, it involves a transfer or an obligation incurred by an insolvent or nearly insolvent debtor with the actual intent to hinder, delay or defraud creditors, or without receiving reasonably equivalent value.
An example is when an insolvent debtor consumes its assets or gives them away to family members or charity.
 
 
 
Legal Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.