Insolvent+debtor
121composition — @ composition deed An agreement embodying the terms of a composition between a debtor and his creditors @ composition of matter In patent law, a substance composed of two or more different substances, without regard to form. A mixture or chemical …
122receiver — re·ceiv·er /ri sē vər/ n 1: an officer charged with receiving tax payments or returns and other related duties (as the maintenance of tax rolls) 2: a person appointed by the court to hold in trust and administer property in litigation; esp: one… …
123receivership — re·ceiv·er·ship /ri sē vər ˌship/ n 1: the office or function of a receiver 2: a proceeding in which a receiver is appointed 3: the state of being in the hands of a receiver compare bankruptcy Merria …
124Cornhill Insurance plc v Improvement Services Ltd — Court High Court, Chancery Division Date decided 22 July 1985 Citation(s) [1986] 1 WLR 114, (1986) 2 BCC 98942 …
125composition with creditors — A contract made by an insolvent or financially pressed debtor with two or more creditors in which the creditors agree to accept one specific partial payment of the total amount of their claims, which is to be divided pro rata among them in full… …
126fraudulent conveyance — the transfer of valuable assets from a company which i) occurs when the company is technically insolvent, ii) renders the company insolvent, or iii) is made for less than adequate consideration. The spate of leveraged buyouts and other highly… …
127Debt — (Roget s Thesaurus) < N PARAG:Debt >N GRP: N 1 Sgm: N 1 debt debt obligation liability indebtment debit score GRP: N 2 Sgm: N 2 arrears arrears deferred payment deficit default insolvency …
128business reorganizations — (Chapter 11) When a debtor business entity realizes that it will become insolvent or will be unable to pay its debts as they mature, it can petition for reorganization under Chapter 11 of the Bankruptcy Code. The debtor business normally is… …
