Is Insolvency and Bankruptcy the same?
Is Insolvency and Bankruptcy the same? Insolvency is the legal term describing the situation of a debtor who is unable to pay his/her debts. The Insolvency Law differs from the Bankruptcy Law which was promulgated by Decree-Law No. (9) of 2016, particularly in the definition of the debtor. However, the primary purpose of both laws […]
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