balance sheet insolvency
The financial condition of a company when it has insufficient assets to pay all its debts in full or its aggregate balance sheet liabilities exceed it [...]
insolvency proceedings
The collective judicial or administrative proceedings conducted under insolvency law in which the assets and affairs of insolvent debtors are subject [...]
administrator
A licensed insolvency practitioner – individual or entity – appointed by and accountable to the court, tribunal or agency with jurisdiction over insol [...]
plan of reorganization
A formal written proposal that specifies how the productivity and financial viability of a restructuring distressed debtor can be restored and how the [...]
operation of law
The application of the established legal rules and existing legal principles. [...]
