CA Foundation doubt
What is difference between insolvency and bankruptcy
Asked by RPR8 Nov 2025767 views
3 answers
Kavish · 8 Nov 2025
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RPR · 8 Nov 2025
Thanks
Jiya · 8 Nov 2025
Bankruptcy is the process for an insolvent person to pay off his liabilities from remaining assets And Insolvency is a statement given by court to a person who has been became insolvent
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