Bankruptcy vs. Insolvency

How to distinguish between bankruptcy and insolvency Anyone in business dreads hearing the words “bankruptcy” and “insolvency” because they are so disastrous for the financial health of the business. Private citizens often go through bankruptcy when their debts are insurmountable and they do not have the monies necessary to make the minimum payments. Although bankruptcy […]

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Administration vs. Liquidation – The Difference Between

The difference between administration and liquidation In discussions about debt consolidation, two terms are commonly used – administration and liquidation. Administration is the legal process of determining how much and how often debts will be repaid to creditors. Liquidation is the process of selling off assets to satisfy debts. The sale is in the form […]

Filed under Business & Finance