GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:03 Dec 7, 2010 |
Romanian to English translations [PRO] Bus/Financial - Law: Taxation & Customs | |||||||
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| Selected response from: Adrian MM. (X) Local time: 20:18 | ||||||
Grading comment
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Summary of answers provided | ||||
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3 +2 | Balance sheet insolvency vs Cash flow insolvency |
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3 | technical insolvency (on paper) vs. adjudicatable, de facto insolvency |
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Discussion entries: 1 | |
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Balance sheet insolvency vs Cash flow insolvency Explanation: "...atât economistii, cât si juristii, îndeosebi cei legati de activitatea de lichidare, au simtit nevoia unor diferentieri. Când spun insolventa, ei inteleg o stare de lunga durata, dominata de imposibilitatea îndeplinirii unor obligatii: plata datoriilor sau onorarea unor contracte. Pe când insolvabilitatea este socotita o stare vremelnica, un dezechilibru de scurta durata, care-l pune pe debitor în situatia de a întârzia onorarea datoriilor." http://www.sfin.ro/articol_4119/legea_insolventei_propune_pl... "Business insolvency is defined in two different ways: Cash flow insolvency Unable to pay debts as they fall due. Balance sheet insolvency Having negative net assets - in other words, liabilities exceed assets. " http://www.californiabankruptcylawyersblog.com/2010/06/insol... -------------------------------------------------- Note added at 13 mins (2010-12-07 10:17:38 GMT) -------------------------------------------------- Cash flow insolvency can lead to balance sheet insolvency; if a company has to cease trading because it cannot pay its bills as they fall due the value at which it is carrying its assets may need to be written down to their forced sale value instead of being shown at their going concern value. http://www.netlawman.co.uk/company-partnership/insolvency-pr... -------------------------------------------------- Note added at 2 hrs (2010-12-07 12:10:43 GMT) -------------------------------------------------- Cu mare placere, ma bucur daca referintele postate de mine te-au ajutat, mi-as fi dorit sa stiu mai multe despre acest subiect, dar -asa cum am mai spus - nu sunt de formatie finantist, ci lingvist. |
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Notes to answerer
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4 hrs confidence:
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