insolvent

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".

AB 1054 created a wildfire fund to pay for fire damages in an effort to ensure that utilities wouldn’t be rendered insolvent by having to bear billions of dollars in damage costs.

"We do have to bear in mind the possibility that we become insolvent, and it is a real possibility."