Insolvency resolution definitions clarify participant scope, resolution process costs, and related terms for personal guarantor proceedings. Regulation 3 sets out the definitional framework for the insolvency resolution process of personal guarantors to corporate debtors, including the meanings of associate, corporate debtor, electronic means, participant, resolution process, commencement date, and resolution process costs. It also provides that undefined expressions in these regulations take their meanings from the Code and the corresponding rules. Participant includes creditors, the guarantor, the resolution professional, and other authorised attendees, while resolution process costs cover professional fees, related expenses, finance raised for the process, and other directly relatable costs, subject to creditor approval or ratification.