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.
Art direction and production design often overlap, although credit for production design is seen as more inclusive. During the studio era, production designers, as opposed to art directors, were the exception. The production designer's primary, though by no means exclusive, responsibility is the design of the sets. Exact responsibility varies from one film industry to another. In the United States, for example, production design and costume design are usually two separate professions. In other major film industries, the two responsibilities are often held by a single person.