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insolvency
(redirected from insolvencies)

    Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.07 sec.

insolvency

Inability to pay debts when they fall due. A company is technically insolvent when its liabilities exceed its assets. Individuals who are insolvent may become bankrupt (see bankruptcy), while companies may go into liquidation. In either case an insolvency practitioner is likely to be appointed as a trustee in bankruptcy or liquidation in order to salvage assets for the creditors.



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It also includes special regional reports from Europe, Asia and Australia, and updates on agency and government policies that impact corporate insolvencies.
Dow Jones Newsletters (Jersey City, NJ) has launched "International ... by Business Publisher
For example, insolvencies triggered by Hurricane Andrew in the early 1990s resulted in nearly 25,000 unpaid claims totaling $500 million.
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Highlights include records retention and filing issues under Canadian tax laws; access to records under federal and provincial legislation; employment and other major workplace records; specialized information for specific organizations such as law and accounting firms; security and confidentiality of professional and business records; and records retention issues related to insolvencies.
Records Retention: Law and Practice by Information Management Journal
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