2. Types of insolvency.
HMRC has published guidance outlining the various formal insolvency and business rescue procedures that apply to individuals and businesses. This information defines the different types of insolvency, such as bankruptcy, liquidation, and administration, and specifies the relevant dates HMRC uses to establish its claims in these cases.
Source: https://www.gov.uk/guidance/insolvency-practitioner-s-handbook/2-types-of-insolvency. Summarised automatically from the official source — general information, not advice.