Insolvent law
Insolvent In*sol"vent, a. [Pref. in- not + solvent: cf. OF. insolvent.] (Law) (a) Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor. (b) Not sufficient to pay all the debts of the owner; as, an insolvent estate. (c) Relating to persons unable to pay their debts. [1913 Webster]

{Insolvent law}, or {Act of insolvency}, a law affording relief, -- subject to various modifications in different States, -- to insolvent debtors, upon their delivering up their property for the benefit of their creditors; bankruptcy law. See {Bankrupt law}, under {Bankrupt}, a. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • insolvent law — noun see insolvency law …   Useful english dictionary

  • insolvent law — See insolvency statutes …   Ballentine's law dictionary

  • insolvent — in·sol·vent /in säl vənt/ adj 1: having ceased paying or unable to pay debts as they fall due in the usual course of business compare bankrupt 2: having liabilities in excess of a reasonable market value of assets held 3: insufficient to pay all… …   Law dictionary

  • insolvent estate — England, Wales The assets that an insolvency practitioner may deal with for the benefit of creditors, upon his appointment to manage the affairs of an insolvent entity. In the case of an insolvent company, the insolvent estate comprises those… …   Law dictionary

  • insolvent liquidation — Insolvency means being unable to pay your debts. For a company, this essentially means that there is a deficit in your balance sheet; your tangible assets are less than your liabilities, and your business does not generate sufficient surplus… …   Law dictionary

  • insolvent company — a company that is unable to pay its debts in full as they fall due. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • insolvent debtor — index delinquent Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Insolvent — In*sol vent, a. [Pref. in not + solvent: cf. OF. insolvent.] (Law) (a) Not solvent; not having sufficient estate to pay one s debts; unable to pay one s debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor …   The Collaborative International Dictionary of English

  • insolvent — (1) The inability to pay ones debts as they come due. (2) When one s liabilities exceed the value of one s assets. An exemption under state or federal law which protects all or a portion of the homestead (SA Bankruptcy.com) Inability of a person… …   Glossary of Bankruptcy

  • Insolvent — In*sol vent, n. (Law) One who is insolvent; as insolvent debtor; in England, before 1861, especially applied to persons not traders. Bouvier. [1913 Webster] …   The Collaborative International Dictionary of English

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