Insolvency Law definition

Insolvency Law means any bankruptcy, reorganization, moratorium, delinquency, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction in effect at any time during the term of this Agreement.”
Insolvency Law means any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect.
Insolvency Law means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments and similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

Examples of Insolvency Law in a sentence

  • On this view, the learned authors in Goode on Insolvency Law interpret the English Court of Appeal’s holding as accepting that a proceeding commenced on, amongst others, a finding of insolvency falls within the scope of the Model Law.

  • Following the guidelines of the Legislative Guide on Insolvency Law, the interests of all parties involved in insolvency proceedings cannot be equally protected and provided, so it is up to the state to define insolvency policy and set priorities – and in the endpoint to define values, which are significant.

  • Using methodology of an analysis of value through the system and following necessary laws of logic, there possible definable value is - equality of creditor`s in insolvency proceedings, coming to the procedures for settling the creditors' claims in insolvency proceedings of a legal person, the legislature has established a strict procedure of settling the creditors' claims (Insolvency Law, 2010).

  • According to the Insolvency law - Insolvency proceedings of a legal person are an aggregate of measures of a legal nature, within the scope of which the claims of creditors are settled from the property of a debtor, in order to promote the honouring of the debtor's obligations (Insolvency Law, 2010).

  • Please be advised that according to Insolvency Law, when a company cannot fulfil its due obligations it must present herself before Court in order to file an Insolvency Procedure (Article 3, number one of the Insolvency Code).


More Definitions of Insolvency Law

Insolvency Law means any of the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada) and the Winding-Up and Restructuring Act (Canada) and any other applicable insolvency or other similar law of any jurisdiction, including any applicable law of any jurisdiction permitting a debtor to obtain a stay or a compromise of the claims of its creditors against it;
Insolvency Law means the Bankruptcy Code, as now and hereafter in effect, any successors to such statute and any other applicable insolvency or other similar law of any jurisdiction including, without limitation, any law of any jurisdiction permitting a debtor to obtain a stay or a compromise of the claims of its creditors against it.
Insolvency Law means Title 11 of the United States Code (11 U.S.C. §§ 101 et seq.) as the same has been or may be amended or superseded from time to time, or any other applicable domestic or foreign liquidation, conservatorship, bankruptcy, receivership, insolvency, reorganization, or any similar debtor relief laws affecting the rights, remedies, powers, privileges and benefits of creditors generally.
Insolvency Law means the Insolvency Act 24 of 1936, as amended and Chapter 14 of the Companies Act 61 of 1973, read with item 9 of Schedule 5 of the Companies Act;
Insolvency Law means the law described in this paragraph or any law relating to any proceeding of the type referred to in Clause 25.6 (Insolvency) and Clause 25.7 (Insolvency proceeding) of this Agreement or any similar foreign law for the relief of debtors applicable to such Obligor.
Insolvency Law means the United States Bankruptcy Code of 1978, as amended from time to time, and all other applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, rearrangement, receivership, insolvency, reorganization, suspension of payments, winding up or composition, adjustment of debts marshaling of assets and liabilities or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.
Insolvency Law means the Federal Law “On Insolvency (Bankruptcy)” No. 127-FZ dated 26 October 2002 (as amended, supplemented or replaced from time to time).