declared insolvency

declared insolvency
неспроможність; офіційно оголошена неспроможність

The English-Ukrainian Dictionary. Economics, Finance, Banking, Investmentss, Bank Loans. . 2002.

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  • insolvency statutes — State statutes, comparable to the National Bankruptcy Act, which provide a proceeding by or against a debtor to have him declared insolvent and his property brought into court for disposition among his creditors in accordance with law. Vanuxem v… …   Ballentine's law dictionary

  • practical insolvency — absence of the ability to repay debts but has not yet officially declared bankruptcy …   English contemporary dictionary

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