 | Law - 1887 - 542 pages
...court, after referring to the more general and popular meaning of the word ' insolvency, ' add : ' But it is also used in a more restricted sense to express inability of a party to pay his debts, as they become due, in the ordinary course of business. It is... | |
 | United States. Supreme Court - Law reports, digests, etc - 1872 - 1546 pages
...bankrupts. The term insolvency is not always used in the same sense. It is sometimes used to denote the insufficiency of the entire property and assets of...express the inability of a party to pay his debts, aa they become due in the ordinary course of businens. It is in this latter sense that the term is... | |
 | Electronic journals - 1872 - 854 pages
...Act. — By insolvency, as used in the Bankrupt Act when applied to traders and merchants, is meant inability of a party to pay his debts as they become due in the ordinary course of business : Too/ et al. v. Martin, Assignee, &c.,U Wall. The transfer by a debtor of a large portion of his property... | |
 | William A. Shinn - Bankruptcy - 1873 - 546 pages
...to pay his debts. But the time comes when he is not able, and they know it. They know that he fails to pay his debts as they become due, in the ordinary course of business ; that he sends notice to all his creditors ; that he must have one year's extension or must stop ;... | |
 | William A. Shinn - Bankruptcy - 1874 - 662 pages
...INSOLVENCY. 1. By insolvency, as used in the bankrupt act, when applied to traders and merchants, is meant inability of a party to pay his debts as they become due in the ordinary course of business.— Toof el nl. v. Martin, 49. See PRETEEENCE ; REASONAELE CAUSE. INSURANCE.—See LIEN. JUDGMENT. 1. The... | |
 | United States. Circuit Court (4th Circuit) - Admiralty - 1877 - 684 pages
...conceded. The term insolvency is not always used in the same sense. It is sometimes employed to denote the insufficiency of the entire property and assets of...his debts. This is its general and popular meaning. Toof v. Martin, 12 Wall., 40. This is the sense in which the term insolvency is used when applied to... | |
 | Utah. Supreme Court, Albert Hagan, John Augustine Marshall, John Maxcy Zane, James A. Williams, Joseph M. Tanner, George L. Nye, John Walcott Thompson, August B. Edler, Alonzo Blair Irvine, Harmel L. Pratt, William S. Dalton, H. Arnold Rich - Law reports, digests, etc - 1907 - 548 pages
...including all kinds of property, real and personal, with liabilities. The term "insolvency" denotes the insufficiency of the entire property and assets of an individual to pay his debts. (16 A. & E. Enc. L., 637.) Here it was shown that when stock prior to the fifteenth series matured,... | |
 | Orlando Bump - Bankruptcy - 1877 - 1050 pages
...ordinary intelligence to the required belief.8 Insolvency, in its general and popular sense, denotes the insufficiency of the entire property and assets of an individual to pay his debts, but as applied to traders and merchants it means an inability to pay debts, as they mature in the ordinary... | |
 | Law - 1877 - 510 pages
...the sense of the bankrupt act means that the party whose business affairs are in question is unable to pay his debts as they become due, in the ordinary course of his daily transactions ; and a creditor may be said to have reasonable cause to believe his debtor... | |
 | Law - 1877 - 510 pages
...the sense of the bankrupt act means that the party whose business affaire are in question is unable to pay his debts as they become due, in the ordinary course of his daily transactions ; and a creditor may be said to have reasonable cause to believe his debtor... | |
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But it is also used in a more restricted sense, to [644] express the inability of a party to pay his debts as they become due in the ordinary course of business. 
