Dear all,
May I know is there any difference between delinquency and insolvency? Sometimes, there is a need to declare whether the person has ever been in a insolvency state or not.
However, if someone ever delinquent before, is he considered being insolvency before?
As if we check the definition from the dictionary, it is very similar. Thus, I would like to ask expert here whether it is the same or not.
Thanks.

