Insolvency Act 1986

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If you’re the sort of fellow who is interested in insolvency — and in this day and age, who isn’t? — then Section 123 of the Insolvency Act 1986 (see here) is one you might have some interest in, containing as it does definitions of balance sheet insolvency and cashflow insolvency.

More about insolvency

• The two two varieties of insolvency: cashflow insolvency and balance sheet insolvency
• The difference between insolvency and bankruptcy
• Bankruptcy shenanigans
• ISDA’s delightful Bankruptcy definition — the gold standard of its kind.

• Source material: text of section 123

See also

• Insolvency set-off