insolvency law
noun
variants
or insolvent law
or insolvency statute
or insolvent statute
: a state statute that affords to an insolvent debtor relief from and sometimes full discharge of debts upon his surrender for the benefit of his creditors of all his property not exempt by law and that is suspended when it conflicts with the Federal Bankruptcy Act or covers a field occupied thereby or affects persons or property within the purview of that act
Dictionary Entries Near insolvency law
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“Insolvency law.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/insolvency%20law. Accessed 23 Nov. 2024.
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