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what is the diffrence between insolvency and bankruptcy
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what is the diffrence between insolvency and bankruptcy Related: Liqu...
Bankruptcy

State of being unable to pay debts. Thus, the ownership of the firm's assets is transferred from the stockholders to the bondholders.

Insolvent

A firm that is unable to pay debts (liabilities are greater than assets).
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what is the diffrence between insolvency and bankruptcy Related: Liquidation of Company - Advanced Corporate Accounting?
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