Insolvent

Insolvent. A Person can no longer meet its financial obligations with its lenders or creditors as its debts become due

Insolvent. The sum of liabilities of the applicable person exceeds the present fair market value of such person's assets

Insolvent. Means, with respect to any Person, (i) the present fair saleable value of such Person's assets is less than the amount required to pay such Person's total indebtedness, (ii) such Person is unable to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured, (iii) such Person currently intends to incur or currently believes that it will incur debts that would be beyond its ability to pay as such debts mature or (iv) such... Person has unreasonably small capital with which to conduct the business in which it is engaged as such business is now conducted and is proposed to be conducted. View More