A complex and wide-ranging area of law, insolvency incorporates both federal law (bankruptcy) and state laws (assignments, bulk sales, receiverships, workouts, and probates), as well as other aspects that involve both federal and state law. Insolvency Explained is a clearly written, nuts-and-bolts guide useful for lawyers and non-lawyers alike that looks at the basic issues involved and how to handle these situations. In the first part, author David J. Cook provides an accessible intro to the fundamentals of insolvency and the requirements common in each type of proceeding: the claim requirements, distribution procedures, risk of claim objections, and other issues.Of the different types of insolvency, each is a standalone process. The second part of the book discusses each type and provides an overview, making it easy to find the exact information needed in a relevant chapter.