Insolvent debtor definition

Insolvent debtor means any insolvent person, decedent’s estate, partnership, corporation or business association involved in a liquidation proceeding as defined in this section.
Sample 1Sample 2Sample 3
Insolvent debtor means any insolvent person, decedent's estate, partnership, limited liability company, corporation, or business association involved in a liquidation proceeding as defined in this chapter.
Sample 1Sample 2Sample 3
Insolvent debtor means any person declared to be insolvent in terms of the insolvency Act 43 of 1936 (as amended);
Sample 1Sample 2Sample 3

Examples of Insolvent debtor in a sentence

  • The Insolvent debtor shall present a regular report to the court and the administrator within fifteen days following the end of the period to which it refers.

  • Insolvent debtor loan(A) Loan principal outstanding amount of the borrowers who are categorized as insolvent debtors as a result of asset self-assessment.

  • Delinquent loan more than 3 months(C) Loan principal outstanding amount which has become overdue and has passed the repayment period by more than three months, and which does not fall into Insolvent debtor loan(A) nor Delinquent loan (B).

  • It's been a long time and it didn't seem important so I didn't really pay it much attention, so I may be wrong on this and the GVS was the one I installed.

  • Insolvent debtor (entrepreneur).--- Directors of the insolvent debtor (or other representatives of a natural or legal person).--- Partners/Shareholders (in some specific cases, as happens to be with those shareholders with relevant stakes of capital or shareholders with unlimited liability -in partnerships-).

  • Restructured loan(E) Loan principal outstanding amount for which the beneficial arrangements for debtors such as reduction of interest rate, deferral of interest payments, and principle repayment grace (hereinafter “change of repayment methods”) were carried out in advance with the aim for the debtor’s management reconstruction or support, and which does not fall into Insolvent debtor loan (A) nor Delinquent loan (B).

  • However, as a result of developments, we understand realisations may now become available from the Insolvent debtor, which could enable a distribution to the Company.

  • However, as a result of the developments, we understand that realisations may now become available from the Insolvent debtor, which could enable a distribution to the Company.

  • Consequently, it is expected that there will be a distribution from the Insolvent debtor to its creditors including the Company.

  • Issues of Globalization in Africa: The Opportunities And the Challenges”, I badan Journal of the Social Sciences, Vol.2. No. 1, September pp1 -21 human society into the third millennium could be understood.


More Definitions of Insolvent debtor

Insolvent debtor means any economic operator that was not able to settle its debt (debts), or is expected to fail its liabilities on the date when they are due;
Sample 1Sample 2
Insolvent debtor means any Debtor which is the subject of Insolvency Proceedings. Intermediary Transaction Date means each date immediately following a Principal Transaction Date indicated in column “Transaction Date” of the current timetable of Schedule 5 and as this timetable shall be up-dated bv the Originators pursuant to Clause 16 (xv).
Sample 1

Related to Insolvent debtor

  • Insolvent pertaining to a condition of Insolvency.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • Account Debtor means any Person obligated on an Account.

  • Insolvency Proceeding means any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage Loan Borrower, except following a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage Loan Documents; provided, further, however, that for the purposes of this definition, in the event that more than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

  • Bankruptcy Code means the United States Bankruptcy Code, as amended from time to time, any successor statute or rule promulgated thereto.

  • Insolvency Proceeds shall have the meaning set forth in Section 9.01(b).

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.