insolvent company

insolvent company

a company that is unable to pay its debts in full as they fall due.
References in periodicals archive ?
It allows the insolvent company to repay a proportion of its debts over a period of up to fiveyears However, according to the BBC, the pensions regulator has doubts that the deal will "adequately protect" the pensions of employees.
Following the insolvency of specialist plant hire group Hewden Stuart, associate Kelly Jordan advised John Nixon on structuring the proposed purchase of three sites alongside associated businesses and assets, previously operated by the insolvent company. In a separate matter, she acted for the liquidators of Hawkins Solutions in a section 110 reorganisation; the transaction involved the distribution of various assets to two newly incorporated entities.
The liquidation of Olympic Insurance, which resulted from its failure to satisfy capital requirements, has raised questions over who is ultimately responsible to compensate victims of traffic accidents caused by drivers insured by the insolvent company, its liquidator said on Tuesday.
The company, Deshwal said, was made to sign a contract by the Insolvency Resolution Partner (IRP), appointed by the National Company Law Tribunal of India, to take over the insolvent company on behalf of the bank and manage all its activities.
A WINDING up order is a Court order that forces an insolvent company into compulsory liquidation - a process in which the Court appoints an Official Receiver (OR) to liquidate all of the company's assets in order to repay creditors.
The business of the insolvent company Starz GmbH from Gro[sz]raschen, Germany, which employs approx.
The business of the insolvent company Starz GmbH from GroAYraschen, Germany, which employs approx.
The court also requested the Insolvency Administration to recommend a new candidate for the insolvent company's administrator.
The transport minister wouldn't expect a deal between Germany's two largest airlines to result in antitrust problems, because Lufthansa isn't interested in buying the entire company, but rather only parts of the insolvent company.
winding up an insolvent company - from an average 4.3 years to six