All sections · Part XVII: Striking Off, Winding Up And Dissolution · Sub-Part III: Voluntary Winding Up of Insolvent Company
299 Significado de insolvente
A efectos de esta subparte y de la subparte IV (campos obligatorios)
disolución por el tribunal), una empresa es insolvente cuando
(a) el valor de sus pasivos supera o superará sus activos; o
(b) es o será incapaz de pagar sus deudas a su vencimiento.
disolución por el tribunal), una empresa es insolvente cuando
(a) el valor de sus pasivos supera o superará sus activos; o
(b) es o será incapaz de pagar sus deudas a su vencimiento.
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Meaning of „insolvent“
For the purposes of this Sub-Part and Sub-Part IV (Compulsory Winding Up
by Court), a company is insolvent if —
(a) the value of its liabilities exceeds, or will exceed, its assets; or
(b) it is, or will be, unable to pay its debts as they fall due.
by Court), a company is insolvent if —
(a) the value of its liabilities exceeds, or will exceed, its assets; or
(b) it is, or will be, unable to pay its debts as they fall due.
