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Insolvent Liquidation
In the US, both individuals and companies go bankrupt when they are unable to meet their debts as they become due.
In the UK, only individuals go bankrupt; companies are put or placed into insolvent liquidation.
In the US, both individuals and companies go bankrupt when they are unable to meet their debts as they become due.
In the UK, only individuals go bankrupt; companies are put or placed into insolvent liquidation.