(1) The partnership is dissolved by the opening of insolvency proceedings regarding the assets of the partnership. If the proceedings are discontinued on application by the debtor or cancelled after the confirmation of an insolvency plan that provides for the partnership to continue in existence, then the partners may resolve to carry on the partnership.
(2) The partnership is dissolved by the opening of insolvency proceedings regarding the assets of a partner. The provisions of section 727 (2) sentences 2 and 3 apply.