Written by Rohan Lamprecht. The term insolvency is commonly confused with bankruptcy and is often used incorrectly as a synonym for bankruptcy. Although both insolvency and bankruptcy deal with liabilities exceeding assets, insolvency refers to a financial state and bankruptcy to a distinct legal concept, a matter of law. Insolvency is defined as a financial condition or state experienced when: A legal entity* or a personâs liabilities (debts) exceeds their assets, commonly referred to as 'balance-sheet' insolvency; or
Production design is the visualization of the mood, tone, and character of each scene in a film; it's a foundation and reference point for the social group or groups in the film, providing contrast and root for each character or groups of characters and for the events in the film. Production design sets place.
When you watch a Tim Burton film and recognize the whole visual style and colors and design of the film's entire look, what you are recognizing is the production design. With Burton, most PD's have come to understand the director's preferences and thematic presentation of ideas, and they tend to do a very good job of making Burton's films conform to Burton's artistic style and fingerprint so to speak.