Insolvency — means the inability to pay one s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable… … Wikipedia
administrator — ad·min·i·stra·tor /əd mi nə ˌstrā tər/ n 1: a person appointed by a probate court to manage the distribution of the assets in the estate of a person who has died without leaving a valid will or leaving a will that does not name an executor able… … Law dictionary
insolvency practitioner — An individual authorised under the Insolvency Act 1986 to act in insolvency matters, appointed either by a recognised professional body or relevant authority. Easyform Glossary of Law Terms. UK law terms. insolvency practitioner … Law dictionary
Insolvency law of Switzerland — The insolvency law of Switzerland is the law governing insolvency, foreclosure, bankruptcy and debt restructuring proceedings in Switzerland. It is principally codified in the Federal Statute on Debt Enforcement and Bankruptcy ( de. Bundesgesetz… … Wikipedia
insolvency practitioner — A person authorized to undertake insolvency administration as a liquidator, provisional liquidator, administrator, administrative receiver, or nominee or supervisor under a voluntary arrangement. Insolvency practitioners must be members of an… … Accounting dictionary
insolvency practitioner — A person authorized to undertake insolvency administration as a liquidator, provisional liquidator, administrator, administrative receiver, or nominee or supervisor under a voluntary arrangement Insolvency practitioners must be members of an… … Big dictionary of business and management
Administration (insolvency) — Administration is a procedure under the insolvency laws of a number of common law jurisdictions which functions as a rescue mechanism for insolvent companies and allows them to carry on running their business. The process mdash; an alternative to … Wikipedia
United Kingdom insolvency law — deals with the insolvency of firms in the United Kingdom. The primary pieces of legislation are the Insolvency Act 1986 and the Enterprise Act 2002.History*Bankruptcy Act 1542 *Statute of Anne Bankruptcy Act 1705Company lawHowever, there are… … Wikipedia
certificate of insolvency — a document that states that a company is insolvent. An administrator, on forming the opinion that the relevant circumstances in which a company is deemed to exist, must forthwith issue a certificate of insolvency. Notice of the certificate is to… … Law dictionary
company administrator — /kʌmpəni ədˈmɪnəstreɪtə/ (say kumpuhnee uhd minuhstraytuh) noun a person appointed under the insolvency act to administer the affairs of a company in liquidation …
Thielert — AG is a German engine development and manufacturing company. It is headquartered in Hamburg, with additional sites in Lichtenstein, Saxony and Altenburg, Thuringia. It is quoted on the Frankfurt Stock Exchange as a member of the SDAX. All… … Wikipedia