Gaois

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  1. BUSINESS AND COMPETITION|business organisation · LAW

    #677088

    IATE #1071847
    insolvency
    en
    Definition situation where a business or an individual has insufficient assets to discharge their debts and liabilities Reference "Council-EN based on Thomson Reuters Practical Law, Glossary > Insolvency (Corporate) (14.3.2025)"
    Comment Insolvency is a financial state in which an individual or a business is unable to pay their debts because their assets are insufficient to meet their liabilities. On the other hand, bankruptcy is a legal procedure that is initiated when an insolvent party is unable to settle their debts through other means.
    insolvabilité | faillite | surendettement | excédent de passif | insuffisance d'actif
    fr
    Definition situation d'une personne physique ou morale qui est dans l'incapacité de payer ses dettes et rembourser ses créanciers Reference "Conseil FR, d'après: - portail e-justice européen, Accueil > Créances > Pécuniaires > Insolvabilité/faillite (14.3.2025)- site du ministère de la justice (FR), Accueil > Actualités > 5.7.2017 > De nouvelles règles européennes pour faciliter les procédures d’insolvabilité transfrontières (25.3.2025) - Règlement (UE) 2015/848 du Parlement européen et du Conseil du 20 mai 2015 relatif aux procédures d'insolvabilité (refonte)"