Cashflow insolvency
A type of insolvency as contemplated in Section 123 of the Insolvency Act 1986 which boils down to a company being “unable to pay its debts as they fall due”.
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.