Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Court for the Relief of Insolvent Debtors

Hist. A court located in London with jurisdiction over bankruptcy matters. ( The Bankruptcy Act of 1861 abolished the Court.

Insolvent

adj. (Of a debtor) having liabilities that exceed the value of assets; having stopped paying debts in the ordinary course of business or being unable to pay them as they fall due. -insolvent, n.