(152) Where the insolvency law requires court confirmation of an approved plan, the insolvency law should require the court to confirm the plan if the following conditions are satisfied

Where the estate is insufficient to cover all the claims within the same priority , then settlement shall be made on a pro rata basis within that priority.

(80) The insolvency law should specify that the insolvency representative may accept or require performance from the counterparty to a contract prior to continuation or rejection of the contract.

(172) The insolvency law should specify whether secured creditors are required to submit claims.

You know, follow your dreams and go broke, right?

(53) The insolvency law should specify that encumbered assets may be further encumbered, subject to the requirements of recommendations 65, 66 and 67.

(b) The use and disposal of assets of the estate (including encumbered assets) outside the ordinary course of business, subject to the requirements of recommendations 55 and 58.

I was broke, facing bankruptcy.

In some cases, the law excludes the assets and property related to the concession from liquidation or insolvency proceedings, or requires prior governmental approval for any act of disposition by a liquidator or insolvency administrator (see also above, para. 66).

However, it was said that provisional relief under emergency circumstances would be rendered nearly impossible if the Model Provisions were to require prior recognition of the foreign insolvency or submit it to more stringent requirements than already provided in the text (see also below, paras. 110 112).

(62) The insolvency law should permit the insolvency representative to determine the treatment of any assets that are burdensome to the estate.

(35) The insolvency law should specify that the estate should include

(c) Request any relief available to it in insolvency proceedings.

For the purposes of this chapter, the term debtor as used in the recommendations taken from the Insolvency Guide should be read as referring to a person who meets the requirements for the commencement of insolvency proceedings (see Insolvency Guide, part two, chapter I, section A, paras. 1 11 and recommendation 8).

quot (d) creditors or other interested parties in a foreign State have an interest in requesting the opening of or participating in a proceeding in this State under insert names of laws of the enacting State relating to insolvency . quot

(d) creditors or other interested parties in a foreign State have an interest in requesting the commencement of or participating in a proceeding in this State under identify laws of the enacting State relating to insolvency .

(d) creditors or other interested parties in a foreign State have an interest in requesting the commencement of or participating in a proceeding in this State under identify laws of the enacting State relating to insolvency .

(iv) The insolvency representative in the insolvency of the grantor or

The information she gave me is that he's broke.

(ll) Insolvency estate means assets and rights of the debtor that are controlled or supervised by the insolvency representative and subject to the insolvency proceedings.

If he's broke, I wanna be broke the same way.

(nn) Insolvency representative means a person or body responsible for administering the insolvency estate.

That risk, it was said, would be even greater in case of a demand made on the eve of insolvency and could affect the cost of credit.

Insolvency law

The administrator, however, claimed the payment of the whole surplus and applied to the State Court for relief.

(72) The insolvency law should specify that the insolvency representative may decide to continue the performance of a contract of which it is aware where continuation would be beneficial to the insolvency estate. The insolvency law should specify that

quot (b) assistance is sought in a foreign State in connection with a proceeding in this State under insert names of laws of the enacting State relating to insolvency or

(b) assistance is sought in a foreign State in connection with a proceeding in this State under identify laws of the enacting State relating to insolvency or

(b) assistance is sought in a foreign State in connection with a proceeding in this State under identify laws of the enacting State relating to insolvency or

Article 88 When an insurance company is declared bankrupt in accordance with laws, the estate of the bankrupt insurer, after paying off the expenses of bankruptcy proceedings, shall be distributed in the following order

Some places get so big they just bust, you know.

C. Except as provided in D , the insolvency law should provide that an asset of the estate acquired after the commencement of an insolvency proceeding is not subject to a security right created by the grantor before the commencement of the insolvency proceeding.

(51) The insolvency law should specify that a secured creditor may request the court to grant relief from the measures applicable on commencement of insolvency proceedings on grounds that may include that

He went bankrupt.

(b) Insolvency law

(b) Insolvency law

Property destruction

I'm broke.

I'm bankrupt.

He was broke.

I'm ruined

FRANK Facing bankruptcy.

Note to the Working Group As to subordination agreements in the case of the grantor's insolvency, see recommendation J in the recommendations of this Guide on Insolvency The insolvency law should provide that if a holder of a security right in an asset of the insolvency estate has subordinated its priority unilaterally or by agreement in favour of any existing or future competing claimant, such subordination is binding in insolvency proceedings with respect to the grantor.

8110 Product characteristics requirements

(e) In the area of insolvency, the UNCITRAL Model Law on Cross Border Insolvency and the UNCITRAL Legislative Guide on Insolvency Law