Author Question: Some businesses may choose to file for Chapter 11 when they plan to ________ the business over an ... (Read 72 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
Some businesses may choose to file for Chapter 11 when they plan to ________ the business over an extended period or sell the business as a going concern.
 
  Fill in the blank(s) with correct word

Question 2

________ are creditors who supply goods or services to the debtor's business and give the business a grace period to pay its debt.
 
  Fill in the blank(s) with correct word



xoxo123

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

liquidate

Answer to Question 2

Trade creditors



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

For a complete list of videos, visit our video library