Inability to pay debts (UK and Maltese law)

In conclusion court stated the inability to pay debts.The definitions of debts and liabilities are to be found in UK Insolvency Act 1986.The definition and treatment of the debts and liabilities under the both tests.The treatment of the debts and liabilities under the both tests.Differences between Maltese law and UK law.The definition of this ground is to be found in sec.Balance sheet test is a red light for the potential creditors.In other words, this test is much fair both to the company and the creditors.These two tests are alternative.The test is to be chosen by a person who brings the application to the court.