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When Filing For Bankruptcy In

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Issue:

Miscellaneous

 

Written by:

Shari B

 

Date added:

November 24, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1878

 

Was viewed:

3388 times

 

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Essay content:

A receivership is not the same as a bankruptcy. By the same token, a receiver is not the same as a trustee in a bankruptcy. However, the two systems have a lot in common and a receivership of an individual or a corporation usually occurs at the same time as a bankruptcy. Corporations that have become insolvent can try to avoid bankruptcy and receivership by reorganizing their finances...
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A receivership is not the same as a bankruptcy. By the same token, a receiver is not the same as a trustee in a bankruptcy. However, the two systems have a lot in common and a receivership of an individual or a corporation usually occurs at the same time as a bankruptcy. Corporations that have become insolvent can try to avoid bankruptcy and receivership by reorganizing their finances...
displayed 300 characters

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