Guaranty Funds--Established in almost all states to pay the Claims against an insolvent
property/casualty carrier resident in that state.
Lloyd's has said that if the restructuring plan failed, it would be insolvent
by the end of the month.
For example, if your sole asset had a FMV of $100, but was subject to $200 in liabilities you would be insolvent
Until May 1, the bank had not been found to be insolvent
by the primary regulator, and efforts were under way by new management to restructure the bank and to attract new capital.
The depositors don't care that you're insolvent
because their money is government-guaranteed.
New Delhi [India], September 4 ( ANI ): The Supreme Court on Monday stayed the Allahabad NCLT (National Company Law Tribunal) order declaring Jaypee Infratech as insolvent
Some 22,772 people went insolvent
across England and Wales in the second quarter of this year, a 0.
Delta Bank JSC was declared insolvent
on 2 March 2015.
Because, if on the one hand "the tax and customs authority (TA) has regarded the insolvent
estate as liable to taxation and, as a consequence, an insolvent
company's settlement of assets is subject to taxation regarding the IRC," turn "the insolvency administrators (IA) (1) argue that an insolvent
company does not pursue, primarily, a commercial, industrial, or agricultural activity, and, therefore, from the moment when all goods are seized for the insolvent
estate, the outcome of their liquidation is not liable to the IRC, and this viewpoint is corroborated by a part of the Portuguese jurisprudence.
One in 550 adults became insolvent
in the 12 months to September, marking the lowest rate seen since 2005, the Insolvency Service said.
Figures released by the Office for National Statistics show that 1,019 people were declared insolvent
in Teesside in 2014 with Stockton seeing the most in the area with 457.
When the corporation is not doing well, whether it is insolvent
or simply struggling, the common stockholders, preferred stockholders and creditors' interests often diverge.
The new bill stipulates that after the passage of three years under review, the insolvent
person is relieved of all his debts and no longer deemed insolvent
, having surrendered his property, except for assets deemed necessary to him and his family.
Revenues from the federal tax are used to cover state and federal administrative costs, for loans to states with insolvent
UTF accounts, and for the federal share of unemployment benefits.
to require utility rms and other key suppliers to continueto supply insolvent
companies could helpwith their rescue, it is Plans to require utility firms and other key suppliers to continueto supply insolvent
companies could helpwith their rescue, it is claimed.