Business Studies Help (1 Viewer)

[atar90plus]

Explain the difference between bankruptcy and insolvency?

 

[ellie95]

Explain the difference between bankruptcy and insolvency?

http://www.differencebetween.com/difference-between-bankruptcy-and-insolvency/

This site has some information that should help u out

 

[atar90plus]

Thanks

 

[Renegader]

Just to add - it's important to note that only unincorporated businesses can become bankrupt, where only incorporated businesses can become insolvent.