Scheme 2 is a closed scheme, with sufficient assets to meet its liabilities.
Many, but not all, of them trade for less than $5 and do not have sufficient assets to qualify for other exemptions to the rules.
I am in my 50s and have been fortunate enough to have accumulated sufficient assets to retire.
Bankruptcy is one way of dealing with personal debts you cannot pay because you no longer have sufficient assets to do so.
Many of the early successful franchisees would probably not have assets (converted to present value) sufficient to join Big Boy today.
He said the banks had sufficient other assets so that they should be able to continue to borrow short-term funds from the Fed.
In addition, most defined benefit plans that terminate have sufficient assets to pay all benefits.
If a scheme did not hold sufficient assets, the pension scheme was required to achieve the minimum level within a given time scale.
Finally, beware of overtrading: taking on work if you don't have sufficient current assets or working capital to meet demand.
This assesses whether you have sufficient assets to cover your liabilities.