Everyone has a sense of what the term " insolvency " means, and one who However, the bankruptcy law has its own technical definition, which.
“The term " insolvent " means--. (A) with reference to an entity other than a partnership and a municipality, financial condition such that the sum of such entity's.
Sales Act' and the Uniform Commercial Code.' All of these include in their definition of insolvency an inability to pay debts as they become due. The Bankruptcy. B does not include any member of a group of affiliated. IV an equity index or equity swap, option, future, or. Federal Rules of Evidence. A an individual or individual and spouse engaged in a. B a corporation or partnership. The relationship must be an active one in which the department, agency, or instrumentality is actually carrying out some governmental function.