insolvent debtor

insolvent debtor
index delinquent

Burton's Legal Thesaurus. . 2006

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  • Insolvent — In*sol vent, a. [Pref. in not + solvent: cf. OF. insolvent.] (Law) (a) Not solvent; not having sufficient estate to pay one s debts; unable to pay one s debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor …   The Collaborative International Dictionary of English

  • Insolvent law — Insolvent In*sol vent, a. [Pref. in not + solvent: cf. OF. insolvent.] (Law) (a) Not solvent; not having sufficient estate to pay one s debts; unable to pay one s debts as they fall due, in the ordinary course of trade and business; as, in… …   The Collaborative International Dictionary of English

  • Insolvent — In*sol vent, n. (Law) One who is insolvent; as insolvent debtor; in England, before 1861, especially applied to persons not traders. Bouvier. [1913 Webster] …   The Collaborative International Dictionary of English

  • Debtor — Debt or, n. [OE. dettur, dettour, OF. detor, detur, detour, F. d[ e]biteur, fr. L. debitor, fr. debere to owe. See {Debt}.] One who owes a debt; one who is indebted; correlative to creditor. [1913 Webster] [I ll] bring your latter hazard back… …   The Collaborative International Dictionary of English

  • insolvent — Synonyms and related words: bankrupt, broke, broken, busted, destitute, down and out, failed, failure, fortuneless, homeless, impoverished, in Queer Street, in receivership, in the gutter, in the red, indebted, insolvent debtor, lame duck,… …   Moby Thesaurus

  • insolvent — adj. & n. adj. 1 unable to pay one s debts. 2 relating to insolvency (insolvent laws). n. a debtor. Derivatives: insolvency n …   Useful english dictionary

  • administratively insolvent — USA administrative insolvency, Also known as administratively insolvent. The inability of a debtor in bankruptcy to pay its administrative expenses, such as attorneys fees and other professional fees. Administrative claims must be paid in full as …   Law dictionary

  • consumer debtor — A natural person who is bankrupt or insolvent and whose aggregate debts, excluding any debts secured by the person s principle residence, do not exceed $75,000 or such other maximum as is prescribed. (Dictionary of Canadian Bankruptcy Terms)… …   Glossary of Bankruptcy

  • Act of insolvency — Insolvent In*sol vent, a. [Pref. in not + solvent: cf. OF. insolvent.] (Law) (a) Not solvent; not having sufficient estate to pay one s debts; unable to pay one s debts as they fall due, in the ordinary course of trade and business; as, in… …   The Collaborative International Dictionary of English

  • bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… …   Universalium

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