Complex sentence: In some jurisdictions, it is an offence under the insolvency laws for a corporation to continue in business while insolvent, though in others the business may continue under a declared protective arrangement while alternative options to achieve recovery are worked out.
Split into simpler sentences: In some jurisdictions, it is an offence under the insolvency laws for a corporation to continue in business while insolvent. In others, the business may continue under a declared protective arrangement while alternative options to achieve recovery are worked out.