Author Question: In ________ liquidation cases, there are usually no funds left, after paying the priority creditors, ... (Read 11 times)

schs14 · **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