they incurred to one another efficiently

Sources: Insolvency Act 1986 and Companies Act 2006 Since the Bankruptcy Act 1542 a key principle of insolvency law has been that losses are...

Fixed charge holders

English law draws a distinction between a "debt", which is relevant for the cash flow test of insolvency under section 123(1)(e), ...

flow test is said to be based on a

Corporate insolvencies happen because companies become excessively indebted. Under UK law, a company is a separate legal person from the peo...

Corporate insolvency

Since the South Sea Company and stock market disaster in 1720, limited liability corporations had been formally prohibited by law. This mean...

Is dearly bought; ’tis mine, and I will have it.

The State of Oklahoma preempts almost all local regulation of firearms. Municipalities may not have any laws or ordinances pertaining to fir...