Sentence examples for an insolvent from inspiring English sources

An insolvency administrator replaces the manager of an insolvent firm to devise and organize a liquidation or reorganization plan in the creditors' interest.

The insolvency exception was a rule that the discharge of indebtedness of an insolvent taxpayer was not taxable income.

Therefore, the reorganization of an insolvent firm can be seen as a positive signal that helps the insolvency administrator be assigned to profitable future insolvency procedures.

Director fiduciary duties to an insolvent corporation are the same as those to a solvent corporation.

(1) and (2) relating to reclamation of goods sold to an insolvent debtor.

Thus, the felon who could not pay his fine was an insolvent debtor.

The only son of an insolvent, itinerant craftsman, he was born in Vienna, Maine, in 1836.

There was no legal mechanism to provide funds to an insolvent company.

They also invented bankruptcy as a method for dealing equally with an insolvent merchant's creditors.

"I work for an insolvent entity; we can't afford the program we have".

"The concept of an 'insolvent' bank has been very fuzzy during the crisis," said Dimitris Drakopoulos, an economist at Nomura.