Insolvency Act 1986: Difference between revisions
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[http://www.legislation.gov.uk/ukpga/1986/45/section/123 text of section 123] | *[http://www.legislation.gov.uk/ukpga/1986/45/section/123 '''Source material''': text of section 123] | ||
Revision as of 17:56, 1 November 2016
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
- ISDA’s delightful Bankruptcy definition — the gold standard of its kind.
- Source material: text of section 123