3 ms·
> No, it's the definition of insolvency, which may or may not least to bankruptcy. It seems that the only difference between insolvency and bakruptcy is that b
by geezerjay 8y ago
> No, it's the definition of insolvency, which may or may not least to bankruptcy.
It seems that the only difference between insolvency and bakruptcy is that bakruptcy involves a court order stating how the insolvent debtor will meet its obligations, which is largely irrelevant in this discussion as it's largely semantics.