You do not mention what US state you are in. Since you use the word "insolvency" instead of bankruptcy I am guessing you are in Canada. This forum deals with US law.
If my guess is correct, a good overview of Canadian insolvency proceedings can be found. . .
http://mcmillan.ca/files/Insolvency%...n%20Canada.pdf
A discussion forum on Canadian bankruptcy can be found. . .
http://www.bankruptcy-canada.ca/support-group/
If I am wrong, please indicate what state you are in and what chapter the business filed.
Des.