How To Use Insolvent In A Sentence
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Now it looks like some of these banks may have been technically insolvent for quite some time before they actually collapsed.
Times, Sunday Times
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Society member Thomas Snowden held "Fifty shares of the stock of the New Jersey Morris Canal and Banking Company" when he died and when creditors forced Theophilus Eaton to file as an insolvent debtor, he possessed a note from William Garratt promising the delivery of
Advocating The Man: Masculinity, Organized Labor, and the Household in New York, 1800-1840
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That's crucial: HITC is technically insolvent, and customers keep pulling funds.
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an insolvent person
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But it is unseemly to see such a Grand Potentate in such a state of decay: the son of Bajazet Ilderim insolvent; the descendants of the Prophet bullied by Calmucs and English and whipper-snapper Frenchmen; the Fountain of Magnificence done up, and obliged to coin pewter!
Notes of a Journey From Cornhill to Grand Cairo
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It could still lead to the masking of a bank being insolvent.
Times, Sunday Times
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The statute defines "a notour bankrupt" to be any debtor who, being under diligence by horning or caption, at the instance of his creditors, shall be either imprisoned, or retire to the abbey or any other privileged place, or flee or abscond for his personal security, or defend his person by force, and who shall afterwards be found, by sentence of the lords of session, to be insolvent.
Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 2 "Baconthorpe" to "Bankruptcy"
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Regulatory tolerance of go-for-broke risk-taking by insolvent institutions undermines the stability of a country's financial system and allows institutional losses to cumulate relentlessly.
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A spokesman denied the bank was insolvent, but depositors are rushing to withdraw their money.
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Cancellation of debt income is not includable in income if the taxpayer is in bankruptcy, or to the extent the taxpayer is insolvent.
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Guaranteeing the debt of insolvent institutions and covering up the loss exposures this creates for a country's taxpayers is costly in three ways.
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DW-WORLD: Failed bond swap leaves Escada fashion label insolvent
Deutsche Welle: DW-WORLD.DE
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If it were to go into insolvent liquidation at that stage, the original directors of TMC would have committed no offence under section 207, because there would have been no transfer of TMC's property by them.
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Last week, however, this once great company declared itself insolvent.
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Because of asymmetric information, depositors are unable to tell whether their bank is a good bank or one of the 5% of insolvent banks.
Financial Markets, Institutions and Money
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The directors were collared under the Company Law Enforcement Act 2001 which focused on insolvent companies after July 1, 2001.
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Many of the banks are still insolvent and this has not been addressed.
Times, Sunday Times
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Others with a more monetary bent could base their entire philanthropic nature on this tale of a robbing rodent who swipes from the miserly and scats on the insolvent.
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The company had plainly been insolvent in a balance sheet sense.
Times, Sunday Times
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After setting out the facts of the case before him, and the scheme for the payment of debts in an insolvent liquidation, the Vice-Chancellor said this.
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What if my company is insolvent?
Times, Sunday Times
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Administration orders were made in respect of the principal companies in the Group in this court on 26 February 1995, and they have subsequently been placed in compulsory insolvent liquidation.
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My reading of most of the comments here is that stockholders in insolvent enterprises – i.e., holders of worthless assets – should expect to paid market value - i.e., nothing – if the government nationalizes the enterprise.
Matthew Yglesias » The Grain
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Appleby said he would ‘closely examine any cases of suspected unliquidated insolvent companies coming to his attention’.
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When the property market went sour, the company's undertaking was sold by administrative receivers, and it went into insolvent liquidation in July 1993.
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The Bank may terminate the Line of Credit upon re-evaluation of the Client's financial situation or if the Client becomes insolvent or does not fulfill his obligations to the Bank hereunder or otherwise.
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The section applies only where the company has reached the position that there is no reasonable prospect that the company will avoid insolvent liquidation.
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Face up to the problems, he was told, bankrupt insolvent companies and resolve the institutional debt problem.
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Administration orders were made in respect of the principal companies in the Group in this court on 26 February 1995, and they have subsequently been placed in compulsory insolvent liquidation.
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They then found themselves illiquid and insolvent when the system froze up and a cascade of bad debts brought down the financial system.
Times, Sunday Times
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VIB then went into insolvent liquidation on July 25, 1997 with a substantial deficiency.
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But while keeping up the charade may be saving the ECB some short-term embarrassment, its existing policies of propping up insolvent banks and governments are only increasing the cost of the euro-zone crisis in the long term.
Europe's Bad Bank
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Liquidator reports on 49 insolvent technology companies were sent to the Office of the Director of Corporate Enforcement last year.
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There will also be a restriction on the re-use by a former director of a company name when that company is in insolvent liquidation.
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A spokesman denied the bank was insolvent, but depositors are rushing to withdraw their money.
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The major banks in America are insolvent andeconomic chaos lies ahead from whichcould well emerge ~ the dreaded New World Order: Allen L Roland
Absent in Geithner's Bank PLan / Truth and Transparency
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They then found themselves illiquid and insolvent when the system froze up and a cascade of bad debts brought down the financial system.
Times, Sunday Times
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Tribune's exit from bankruptcy has been delayed in part by claims that investor Sam Zell 's $8.2 billion leveraged buyout of Tribune in 2007 was flawed and rendered the company insolvent from the start.
Tribune Set to Name Caretaker Managers
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A record number of people will become insolvent next year, a leading accountancy firm has predicted.
Times, Sunday Times
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The bank is insolvent and will be unable to live up to its obligations.
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The company is technically insolvent thanks to the scheme's huge liabilities.
Times, Sunday Times
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If one joint or joint and several debtor is insolvent, the loss resulting from his insolvency is spread equally among the solvent debtors.
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Faced with such a situation, if the firm could not raise cash by obtaining more credit immediately, it would be insolvent.
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THE number of people declared insolvent has risen for the first time in more than a year.
The Sun
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The financial plight of the company means it is insolvent and has been losing rafts of money.
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They then found themselves illiquid and insolvent when the system froze up and a cascade of bad debts brought down the financial system.
Times, Sunday Times
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They appointed a liquidator to an undoubtedly insolvent company that has no assets.
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It put him, as investor in these two as well as Ballantynes the printers who were also insolvent, in deep trouble.
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If one joint or joint and several debtor is insolvent, the loss resulting from his insolvency is spread equally among the solvent debtors.
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Unless insolvent institutions are recapitalized with sufficient real capital and banks end their ruinous lending practices, the stock of bad loans will continue to rise.
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It may also cause some hospitals to fail, or become insolvent, if patients vote with their feet to go elsewhere.
Times, Sunday Times
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By loosening capital requirements and pursuing regulatory forbearance, regulators hide the problem of an insolvent bank and hope that the situation will improve.
Financial Markets, Institutions and Money
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Appleby said the ODCE had targeted about 400 insolvent unliquidated companies and written to 30 or 40 of them.
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Many defined benefit funds are technically insolvent because Irish law lays down strict regulations on their valuation.
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For much of the last fifty years the country's banks have operated as cashiers for often insolvent state enterprises, paying little attention to their ability to repay, and building up a mountain of bad debt.
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Since when did insolvents have the right to impose their failed prescriptions on flourishing entrepreneurs?
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This ensures that, if the manager becomes insolvent, client money can easily be identified and returned.
Times, Sunday Times
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Shortly thereafter, the defendant bank went into insolvent liquidation.
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One person a minute is being declared insolvent or going bankrupt.
The Sun
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Accordingly the company was insolvent and unable to pay its debts.
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I think not doing so will hurt the poor (which you suggest is code for “racial minority”) in the future, when Social Security as we know it is insolvent.
Think Progress » Boehner Pledges To Privatize Social Security: ‘We’re Going to Get Serious About This’
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Furthermore, high debt levels may negatively affect common stockholders, who are last in line for claiming payback from a company that becomes insolvent.
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Under the Corporations Law, directors who incurred debts while a company is insolvent can be held personally responsible.
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Insurers pay into a so-called guaranty fund that covers claims if a company becomes insolvent.
Cbs4denver.com
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By late 1899, he managed to acquire the goodwill of their insolvent shipbuilding business.
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One person a minute is being declared insolvent or going bankrupt.
The Sun
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It would, of course, be a strange case in which the third party chose to pursue the insolvent insured rather than the solvent insurer.
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This year, about 300 directors of 140 insolvent companies are facing restriction proceedings in the High Court.
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He has said publicly he has no idea how it could be that HIH is insolvent.
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A solvent insurer at one point can become insolvent soon for variety of reasons.
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Section 214 of the Insolvency Act imposes that liability where the director knew, or ought to have concluded, that there was no reasonable prospect that the company would avoid going into insolvent liquidation.
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Many of the world's banks are technically insolvent.
Times, Sunday Times
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Woosung Construction went insolvent yesterday when it failed to honor 16. 9 billion worth of promissory notes the previous day.
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Well, it might be so, Mr. Tatham hoped so — but the father, Tatham knew personally — a man of the worst character, a wine-bibber and an idler in taverns and billiard-rooms, and a notorious insolvent.
The History of Pendennis
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At the time of the valuation he had been an employee of a firm that had since become insolvent and had no insurance cover.
Times, Sunday Times
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This arrangement gives customers access to the source code if the vendor gets into trouble, usually if the vendor becomes insolvent or is unable to support the code.
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In insolvent liquidation the question arises whether the liquidator, who now runs the company in place of the directors, can claim a contribution to the company's inadequate assets from its members.
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The company had plainly been insolvent in a balance sheet sense.
Times, Sunday Times
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This will increase the chances of the new combination making a successful bid for the assets of Daewoo, the remaining major Korean car builder, which is now insolvent and being sold off by its creditors.
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If the insurer goes insolvent, the member is eligible for compensation from the FSCS.
Times, Sunday Times
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In the UK, if directors continue to trade when their company is technically insolvent, they run the risk of being personally liable.
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I am neither a felonious drysalter returned from exile, an hospital stump-turner, a decayed staymaker, a bankrupt printer, or insolvent debtor, released by act of parliament.
The Life and Adventures of Sir Launcelot Greaves
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The park was auctioned two weeks ago as part of the insolvent estate which was sequestrated by the High Court last August.
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If the employer is insolvent and unable to restore the funds the pension scheme will be able to claim compensation.
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What contingency plans exist were it to become insolvent?
Times, Sunday Times
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One provision makes it easier for the Central Bank to force insolvent institutions into bankruptcy, giving investors and creditors a legal framework for recovering assets.
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an insolvent estate
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Whenever one becomes insolvent, liquidate it and create a new one under new management.
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Shortly thereafter, the defendant bank went into insolvent liquidation.
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His business had started to founder and his company had gone into insolvent liquidation.
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In the course of the proceedings Elko has gone into insolvent liquidation, with the result that this counterclaim can be ignored.
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Things are not quite so brutal these days, but European countries still deal with insolvent firms far more harshly than America does, and most such firms end up in liquidation.
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This is to prevent an insolvent from transferring assets to their spouses to avoid the consequences of sequestration.
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Some of these duties relate to care and diligence, acting in the best interests of the company, and a duty to prevent insolvent trading.
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The amiable and insolvent owner of the 300-acre estate died after being ambushed near his demesne.
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For much of the last fifty years the country's banks have operated as cashiers for often insolvent state enterprises, paying little attention to their ability to repay, and building up a mountain of bad debt.
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When carriers underpriced their workers' compensation product to gain market share in the late 1990s, some carriers became insolvent.
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If an extended warranty provider becomes insolvent, the very least a consumer will want is to be able to recover his premiums.
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It is not unusual for an administrator to be appointed to an insolvent company following a period as an adviser.
Times, Sunday Times
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The number of people being declared insolvent has risen by more than a fifth.
Times, Sunday Times
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Executives have called a works council meeting on Monday before formally declaring the company insolvent.
Times, Sunday Times
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Germany's insistence that in the medium term insolvent countries should have their debts restructured.
The Economist: Correspondent's diary
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Last year he took over an insolvent company where the staff were about to lose their jobs.
Times, Sunday Times
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If this is indeed the way in which the stress tests play out in the end, then the Obama administration will have missed a golden opportunity to label insolvent banks as such, and thereby justify taking them over and breaking them up.
Wonk Room » How Does A Bank ‘Pass’ A Stress Test, Yet Still Require ‘Exceptional Assistance’?
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We know there is a liquidation, we know there is an insolvent liquidation.
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Should the company become insolvent, a liquidator will be appointed to realise the assets of the company, to pay and settle its debts and to distribute any surplus among the various shareholders.
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China's banks are technically insolvent, with bad debts making up 45% of their loans, according to Standard & Poor's.
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A body of very poor persons, individually -- in the commercial sense of the term -- insolvent, manage to create a new basis of security which has been somewhat grandiloquently and yet truthfully called the capitalisation of their honesty and industry.
The Rural Life Problem of the United States Notes of an Irish Observer
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Francis Fels, who had operated a store and saddlery at Melrose and Hammond for some time, was declared insolvent in 1893.
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The question is whether he knew or ought to have concluded at some time before the commencement of the winding up that there was no reasonable prospect that VKV would avoid going into insolvent liquidation.
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If the employer goes insolvent, the scheme is eligible for compensation from the PPF.
Times, Sunday Times
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The share of insolvent liquidations remains at a low level by historical comparison.
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The alternative allowing the insolvent banks to fail, seizing the assets, wiping out shareholders, giving bond holders a serious haircut is still not on the official agenda.
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A company is insolvent when it is unable to meet the demands of all its creditors by selling all its assets for cash.
Business Studies Basic Facts
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'Regarded as an extrinsic title, risk of losing the principal is connected with the contract of _mutuum_, and entitles the lender to some compensation for running the risk of losing his capital in order to oblige a possibly insolvent debtor.
An Essay on Mediaeval Economic Teaching
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Unable to pay their dollar debts, most Turkish banks were technically insolvent.
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The court appointed a receiver to administer and liquidate the assets of an insolvent corporation.
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One person a minute is being declared insolvent or going bankrupt.
The Sun
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The United States Bank, of which Nicholas Biddle was the progenitor, had gone completely in 1841, and the United States Treasury with its subtreasury system had come in 1846; but still there were many, many wildcat banks, sufficient in number to make the average exchange-counter broker a walking encyclopedia of solvent and insolvent institutions.
The Financier, a novel
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If you have a mortgage with a bank that becomes insolvent your savings will be deducted from your debts.
Times, Sunday Times
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The city must also prove to a federal bankruptcy judge that it is technically insolvent, which isn't clear cut in Harrisburg's case, legal experts say.
Capital Files for Bankruptcy
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In early 2009, Obama and his top economic aides faced a fateful choice: either do an honest accounting of the nation's big insolvent banks, like Citigroup; or keep propping them up and collude with the banks in camouflaging just how bad things were -- and still are.
Robert Kuttner: Obama Calls the Question on Geithner
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In any event there is in this case a theoretical risk of loss undertaken by the Bank if JLPG, JLP and JL went into insolvent liquidation.
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He has so far taken significant steps against the directors of insolvent companies who fail to cancel out debts by following the appropriate liquidation route.
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From here on in, it's going to be a rough ride for many individuals and the numbers going insolvent will rise.
Times, Sunday Times
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It said it would declare itself insolvent, blaming high fuel costs for its losses.
Times, Sunday Times
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This is to prevent an insolvent from transferring assets to their spouses to avoid the consequences of sequestration.
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In the former, the set-off was to be executed by a third party, with whom both the creditor and the insolvent debtor maintained their accounts.
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What we appear to be doing is propping up insolvent banks, which remain insolvent, until the situation becomes sufficiently dire again that they need more taxpayer funds.
The Bailout and Nationalization
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He had not recommended the rescue of insolvent banks in the hinterlands that did not threaten the money market.
