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Bankruptcy and insolvency: are synonyms and can be used interchangeably insolvency is a factual matter that always leads to bankruptcy are legal processes to deal

Bankruptcy and insolvency: are synonyms and can be used interchangeably insolvency is a factual matter that always leads to bankruptcy are legal processes to deal with a defaulting debtor; insolvency is informal, bankruptcy is formal bankruptcy is a process and insolvency is a condition O

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