With reference to case law and the Corporations Act 2001(Cth) describe what is meant by the term 'insolvency' and identify the link between 'voluntary administration', 'deeds of company arrangements' and 'liquidation'. Question "The law recognises a corporation as a distinct legal entity, having a separate existence and a corporate personality of its own, quite apart from the members who comprise it." Discuss this statement with reference to the main legal consequences both at general law and under the Corporations Act 2001 (Cth).