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business law

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Issue:

Business

 

Written by:

Anonymous

 

Date added:

May 14, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2006

 

Was viewed:

977 times

 

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Essay content:

The American bankruptcy law almost encourages debtors who are unable to pay their debts to file for bankruptcy. Is filing bankruptcy a good thing or a bad thing? Bankruptcy law allows for business to continue operating depending on what chapter of bankruptcy they file for and how far in debt they are in...
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Businesses have to consider want chapter to file under chapter 7 or chapter 11. Most times business file bankruptcy to find a way to become more profitable again. Under Chapter 7 liquidation takes place, and the company goes out of business and under chapter 11, reorganization takes place. "The process of starting a claim starts when a bankruptcy petition is filed and then an estate is created...
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