certificate of insolvency

certificate of insolvency
a document that states that a company is insolvent. An administrator, on forming the opinion that the relevant circumstances in which a company is deemed to exist, must forthwith issue a certificate of insolvency. Notice of the certificate is to be given to all the company's unsecured creditors.

Collins dictionary of law. . 2001.

Игры ⚽ Нужно решить контрольную?

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