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.
Either employed by a production company or independent, producers plan and coordinate various aspects of film production, such as selecting script, coordinating writing, directing and editing, and arranging financing.hereas historically in television, the primary role of the producer was to oversee all aspects of video production, in film and often in television today, this role is filled by the Line Producer. The line producer may manage a film's budget and maintain a schedule.