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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | Process of corporate insolvency and bankruptcy |
| Authors Name: | Tulasi Thanishya Sampara |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_184890
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| Published Paper Id: | IJNRD2212130 |
| Published In: | Volume 7 Issue 12, December-2022 |
| DOI: | |
| Abstract: | Insolvency arises when individuals or business have insufficient assets to cover their debts, or are unable to pay their debts when they are supposed to pay. A company becomes insolvent if it does not have enough assets to cover its debts/ or it cannot pay its debts on or before the due dates. It is the director's responsibility to know whether the company is trading or not, while insolvent and if it can be held legally responsible for continuing to trade in that situation. The decision to appoint receivers, liquidators and administrators, is the responsibility of the appropriate funding bodies (i.e. banks and lending institutions). creditors, the courts, the directors or the company itself, depending on the procedure. In England and Wales, the term is used for the formal procedure for individuals (not companies) who are declared by the courts to be insolvent. Insolvent individuals can sometimes avoid bankruptcy by means of an Individual Voluntary Arrangement (1VA) or a Debt Relief Order (DRO). |
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| Cite Article: | "Process of corporate insolvency and bankruptcy ", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 12, page no.b303-b307, December-2022, Available :http://www.ijnrd.org/papers/IJNRD2212130.pdf |
| Downloads: | 000118753 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2212130 Registration ID: 184890 Published In: Volume 7 Issue 12, December-2022 DOI (Digital Object Identifier): Page No: b303-b307 Country: GUNTUR, ANDHRA PRADESH, India Research Area: Other Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2212130 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2212130 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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