One of them is this: May a state pass insolvent or bankrupt laws?
It has been decided by the United States Supreme Court that a state may pass insolvent laws upon future contracts, but not upon past contracts.
I am grown old in confinement, and lay my account with ending my days in jail, as the mercy of the legislature in favour of insolvent debtors is never extended to uncertified bankrupts taken in execution.
Their numbers were continually augmented by prisoners of war, by freemen who voluntarily sold themselves as slaves, by insolvent debtors, and by certain categories of criminals.
So long as serfage existed all the relations of life were ill-defined and extremely elastic, so that a man who was hopelessly insolvent might contrive, with very little effort, to keep his bead above water for half a lifetime.
Fortunately for such insolvent debtors, they are treated by the law with extreme leniency.
To show the necessities to which this degrading propensity reduces a man, we will quote Tom's description of himself when he applied to be discharged under the Insolvent Debtors' Act before coming to Sir Moses.
He had graduated in the Insolvent Debtors' Court to evade his former landlord's claims, and emerged from gaol with a good stock of bad law engrafted on his innate knavery.
Whenever the bank fund is reduced by paying the debts of an insolvent bank, it must be restored to the proper amount by the same process.
Insolvent debtors might be delivered to their creditors as servants.
Doubtful whether to apply to the Insolvent Court to protect me, or let ruin come.
In January 1824 Haydon left his lodgings, and took the lease of a house in Connaught Terrace, for which he paid, or promised to pay, a hundred and twenty pounds a year, a heavy rent for a recently insolvent artist.
The case of Ogden and Saunders, in 1827, brought in question the right of a State to pass an insolvent law.
Mudflint and Bloodsuck on the other; and in due time they all applied, as a matter of course, for relief under the Insolvent Debtors' Act.
I should not have mentioned it to you if I had not thought that you were one of the insolvent yourself.
As it is I have all the recklessness, but none of the carelessness, of the hopelessly insolvent man.
In this last the insolvent debtor was forced to fend for himself; he was dependent upon chance charity for food, fire, clothing, bedding.
Finally he took advantage of the Act as it was called, and went through the court for the relief of insolvent debtors.
In 1802 he was released under the Insolvent Debtors’ Act but his health was ruined and his habits irremediable.
The shabbiness of these attendants upon shabbiness, the poverty of these insolvent waiters upon insolvency, was a sight to see.
A fractional reserve is therefore ordinarily fully adequate, altho with any less than a 100 per cent reserve any bank would be insolvent if all of its demand obligations were presented at the same instant.
If the officers knowingly misapply the assets of aninsolvent corporation they are personally liable to the creditors for the injury caused thereby.
Any transfer made by an insolvent debtor, to pay or to secure in whole or in part a previously existing debt, is a preference.
Creditors of an insolvent corporation, however, may enjoin action by the company's officers which is unauthorized or likely to prove detrimental to the assets of the corporation.
Now an insolvent debtor cannot very well avoid committing one of these acts of bankruptcy.
The debtor being insolvent will lose nothing if the business proves unprofitable whereas if profitable there may be a surplus after the payment of the debts.
The fourth and most important way, however, now, of settling the estates of insolvent persons is provided by statute.
Otherwise, one owing money to an insolvent debtor, could buy up at a discount claims against the debtor, equal in amount to his indebtedness to the bankrupt.
The praetor, however, permits them, if they wish, to abstain from the inheritance, and leave the parent to become insolvent rather than themselves.
If a person is insolvent at the time of a manumission, or becomes so by the manumission itself, this is manumission in fraud of creditors.
He then tore the resolution to shreds, showing that it would be of especial benefit to the insolvent and unsound banks, and would insure a repetition of the worst evils under which the country was already suffering.
The governor often permitted the issue of rations and implements a second time, to enable indolent or insolvent settlers to till a second heritage.
The condemned felon has as good a yard for air and exercise in Newgate, as the insolvent debtor in the Marshalsea Prison.
There is a box of barristers on their right hand; there is an enclosure of insolvent debtors on their left; and there is an inclined plane of most especially dirty faces in their front.
You're a man of talent; you can get anybody through the Insolvent Court, Pell; and your country should be proud of you.
These gentlemen are the Commissioners of the Insolvent Court, and the place in which they sit, is the Insolvent Court itself.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "insolvent" in a variety of sentences. We hope that you will now be able to make sentences using this word.
