Insolvency Act 1986
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.
- Insolvency Act 1986
- Insolvency, of which there are (at least) two varieties):
- The highly elaborate ISDA Bankruptcy definition
- Source material: text of section 123