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Essay

Bankruptcy

Essay specific features

 

Issue:

Business

 

Written by:

Thomas B

 

Date added:

November 2, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 626

 

Was viewed:

1948 times

 

Rating of current essay:

 
Essay content:

The two main types of bankruptcy are Chapter 7 and Chapter 13. Filing for Chapter 7 bankruptcy can be described as liquidation. When you file, the bankruptcy court orders an “automatic stay”, which temporarily allows the person or business to not pay off any debts and the creditors to not be able to collect until the order is dropped...
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At this time, if necessary, then liquidation can begin and it is possible that the individual could have to sell their house or other values in order to pay off the debts. Chapter 13, on the other hand, is a strategy used by people that are not completely in over their heads. Chapter 13 employs a “plan” attitude...
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General issues of this essay:
Indian Reorganization Act “Creating a Bankruptcy Plan” Simulation Summary Bankruptcy and Debtor-Creditor Relations Creating a Bankruptcy Plan Discuss The Using Is With The Same Old Situation Without Changing Management Style Or Reorganization. What Are The Consequences, What Are The Positives And Negatives. Electronic Filing Instructions Filing Operational reorganization Reorganization Filing For A Quick Divorce Filing For A Quick Divorce Filing For A Quick Divorce When Filing For Bankruptcy In Bankruptcy Chapter 13 Rder Nos. 712 And 712-A Compliance Filing
 

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