What is the difference between corporate insolvency and individual insolvency (bankruptcy)?

Question

Accepted Answer

Corporate insolvency is the winding up of a corporate entity (a company) while individual insolvency is the making of a bankruptcy order against an individual (a person) or a sole proprietorship or a partnership.

What is the difference between corporate insolvency and individual insolvency (bankruptcy)?

Related questions

What is the Individual Insolvency Search?

Can the Licensing Officer provide legal advice for corporate and individual insolvency matters?

What is bankruptcy?

How do I find out who is the insolvency practitioner appointed for a specific individual or corporate insolvency case?