- onvoldoende geld bezittend
- unable to meet or discharge financial obligations
"an insolvent person"
"an insolvent estate"
- someone who has insufficient assets to cover their debts
- He was declared insolvent.
- Person concerned is bankrupt/insolvent:
- c Debtor/co-debtor is insolvent.
- The loan debt was included in the insolvent estate.
- The greater the supplier’s dependency on the insolvent company, the higher the risk involved.
- Moreover, in the event of recovery, a large number of undertakings risked becoming insolvent.
- In this context, it is undisputable that without the aid NR would have been technically insolvent.
- Consequently, without the guarantee, BAWAG-PSK would have become insolvent/bankrupt within weeks.
- NIKI also argues that Austrian Airlines would continue to operate even if it were insolvent.
- The risk is higher when his dependency on the insolvent firm is considerable.
- Following this Decision, the competent Belgian court declared the company insolvent on 3 January 1997.
- LOS owned 60 % and the insolvent estate 40 % of the joint venture.
- NIKI argued that Austrian Airlines would continue to operate even if it were insolvent.
- This would have rendered VAOP insolvent, causing considerable loss to BNG.
- LOS owned 60 % and the insolvent estate 40 % of the joint venture. The purpose of this intermediate step, which lasted one year, was to try to find a strategic investor who would purchase the 40 % owned by the insolvent estate.