Metivier, with the Cointets behind him, knew that Lucien was not in a position to pay, but insolvency in fact is not insolvency in law until it has been formally proved.
Mr. Pell had successfully piloted Mr. Weller through the Insolvency Court, and his services were sought to carry out the process by which Sam Weller became a voluntary prisoner in the Fleet at the suit of his obdurate parent.
RING, “to go through the RING,” to take advantage of the Insolvency Act, or be whitewashed.
In a Dictionnaire des Gens du Monde, insolvency has been, not unaptly, defined, a mode of getting rich by infallible rules!
The right of a seller to stop a carrier from delivering goods to a vendee, in case of insolvency of the latter, is called stoppage in transitu.
The shareholders having legal title to the stock at the time of insolvency of the bank are the ones liable for the additional liability.
This means that in case of insolvency of either a partner or of the partnership, firm creditors must first exhaust firm assets, and take the balance of individual assets after individual creditors have been satisfied.
In case of insolvency of the corporation, stockholders could be required to contribute an amount equal to their subscription in addition to paying their subscription in full.
In case of insolvency of a national bank, the stockholders are liable in an amount equal to the par value of their stock, in addition to their liability to pay the par value of their stock subscriptions.
We have already said that under peculiar circumstances Chitta Ranjan was forced to take shelter in the Insolvency Court.
By his insolvency he was very seriously handicapped not only in his professional but also in his public life.
This forced him at the very commencement of his professional career to join his father in seeking the protection of the Insolvency court.
Yet he was forced, during the closing years of his professional life, to take refuge in the Insolvency Court.
If I gained some knowledge of the law as practised in the country, that knowledge was gained from an acquaintance with the lawyers and from my opportunities as Clerk of the Insolvency Court.
It was not much, apparently, but it was the verdict, final and irrevocable, of insolvency and bankruptcy.
Indeed he spent upon them more than his finances allowed and consequently got involved in heavy liabilities that forced him, during the closing years of his professional life, to take refuge in the Insolvency Court.
As soon as he found his position in this profession secure, Chitta Ranjan's first thought was to remove the stain of insolvency from his father's name and his own and he started to pay off every pie of those old debts.
In India insolvency is regulated by the Indian Insolvency Act 1848, extended by the Act XI.
Insolvency attended with circumstances of misconduct or fraud is known as banqueroute simple or banqueroute frauduleuse.
Notour bankruptcy continues, in cases of sequestration, until the debtor has obtained his discharge and in other cases until insolvency ceases.
In the Transvaal, where Roman-Dutch law prevails, the law governing the subject is the Insolvency Law, No.
Simple insolvency of this kind is known in France as faillite.
And even when his insolvency becomes public and default occurs, a debtor may still avert bankruptcy if he is able to effect a voluntary arrangement with his creditors.
The Deeds of Arrangement Act 1887, although not falling strictly within the scope of the bankruptcy law, may also, in consequence of its important bearing upon the question of insolvency in England and Wales, be here noticed.
It is certainly to the interest of all honest creditors and debtors that a fair settlement should be reached as early after insolvency as possible.
A penalty of fine and imprisonment follows conviction of any officer for receiving deposits after general insolvency is known.
It is ridiculous enough for me, in a state of insolvency for the present, to be battling about gold and paper currency.
Among others, it shows that a government may be in a state of insolvency and a nation rich.
A government can ward off bankruptcy longer than an individual: butinsolvency will inevitably produce bankruptcy, whether in an individual or in a government.
In the affairs of an individual, it often happens that insolvency exists several years before bankruptcy, and that the insolvency is concealed and carried on till the individual is not able to pay one shilling in the pound.
If then the quantity of bank notes payable on demand, which the bank has issued, are greater than the bank can pay off, the bank is insolvent: and when that insolvency is declared, it is bankruptcy.
The insolvency of the late Government of France and the present of England differed in no other respect than as the dispositions of the people differ.
Insolvency always takes place before bankruptcy; for bankruptcy is nothing more than the publication of that insolvency.
The moratorium was resorted to to avoid a general cataclysm of bankruptcies which might have occurred--not from actual insolvency but from mere insufficiency of cash.
The likelihood of a genuine panic is lessened by the fact that every one recognizes the real cause of the disturbance and that insolvency is not suspected.
The money article, the price of stock, a large insolvency case, and other news especially acceptable to men of business, were being eagerly read by him.
Mr. Brompton sat down to his paper again, and his interesting news of the Insolvency Court.
Indeed, indications of the approaching crisis were already observable in the records of the Insolvency Court.
Some suggested that he should be arrested; others that he should be forced into the Insolvency Court, where vengeance could be wreaked upon him.
A great many present, while regretting the state of affairs, thought it would be a pity to put the estate into the Insolvency Court, where it would be eaten up with expenses.
The meek creditor agreed that it would be unwise to put the estate into the Insolvency Court.
The French Revolution of 1830 ruined a Paris house to which Tomlinson had advanced a considerable sum; and this blow consummated theinsolvency of his bank.
A clerk of court often receives more than the judge, and some judges of probate and insolvency more than the Chief Justice of their State.
If, therefore, as is commonly true in estates of any magnitude, part of the assets can only be recovered by suit in other States, there must be ancillary insolvency proceedings there, to clothe the principal assignee with the right of action.
Should the insolvent be the owner of land in another State, the title to this can only be transferred in accordance with its law, and a foreign assignment in insolvency will be wholly ineffectual.
Nor will ancillary proceedings in insolvency be allowed to prejudice the rights of citizens of the State in which they are instituted to any security which they might otherwise have for debts due them from the insolvent.
Every bankruptcy or insolvency proceeding is a great lawsuit.
This is so even if a State court of insolvency has already taken charge of his affairs; and if that has occurred it is of itself a sufficient reason for bankruptcy proceedings.
Most of the States have on their statute-books provisions for a permanent system of insolvency proceedings.
In case of insolvency full justice can not be worked out except through the legislative powers vested in the United States.
He's no better than a bankrupt and the insolvency court is the best place for him.
