Concept:Insolvency means a business cannot pay its debts when they are due.
Explanation:When a business becomes insolvent, it is unable to meet its financial obligations.
Such a business may eventually be forced to close down.
This closing-down process is called liquidation.
In liquidation, the business ends and its assets are sold to pay creditors.
Therefore, insolvency commonly results in liquidation, not continuity, expansion, or re-incorporation.
Answer:C. liquidation