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Author Question: In ________ liquidation cases, there are usually no funds left, after paying the priority creditors, ... (Read 17 times)

schs14

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on: Aug 2, 2018
In ________ liquidation cases, there are usually no funds left, after paying the priority creditors, to disburse to the nonpriority unsecured creditors.
 
  A) Most
  B) Very few
  C) Executed
  D) Extreme

Question 2

While Chapter 7 is an option for a business that wants to liquidate its assets and wrap up its business, the main purpose of filing for Chapter 11 is to allow the business debtor to continue to function, carry on its business, and ________ its debt.
 
  Fill in the blank(s) with correct word


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kaykay69

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Reply #1 on: Aug 2, 2018
Answer to Question 1

A

Answer to Question 2

restructure


schs14

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Reply 2 on: Aug 2, 2018
Thanks for the timely response, appreciate it

amandalm

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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