insolvent

She thinks there could be a case for a "central UK pot" that pays out those who are owed a tribunal award when a company becomes insolvent.

"Canada Post is effectively insolvent, and repeated bailouts are not a long-term solution," he said in a statement.

FTI Consulting is advising the government on SAR contingency planning - this would happen if Thames becomes insolvent, cannot fulfil its duties or breaches an enforcement order.

The diocese acknowledged that the value of Diocesan assets available to resolve claims, including any available insurance coverage, may not be sufficient to cover the claims and could leave the diocese insolvent.

The CCN had previously warned that without an extension, 18 county and unitary councils would become "insolvent overnight".