Chapter 7 bankruptcy is the debtor's (non-exempt) assets are sold to repay outstanding debts, with the remainder of the debt not needing to be repaid. Qualification for Chapter 7 bankruptcy is contingent on earning below a certain income threshold. Chapter 11 bankruptcy is where the debtor ...
servicesneededduringthebankruptcyprocess.Also,thesedebtswereincurredafterthe orderforrelief. 14.InaChapter7bankruptcy,theassetsoftheinsolventcompanyareliquidatedtosatisfythe claimsofthecreditors.Businessactivitiesceaseandnoncashassetsaresold.Conversely, inaChapter11bankruptcy,thecompanyattemptstosurviveitsfinancialproblems...
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Bankruptcy Reform Act of 1994; Provisions; Cost of filing for bankruptcy protection; Popularity of chapter 11 with financially troubled companies; Out-of-court settlements; Applicability to companies with less than 50 creditors. 年份: 1995
113 bankruptcy n.破产;无偿付能力 参考例句: You will have to pull in if you want to escape bankruptcy.如果你想避免破产,就必须节省开支。 His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。 114 industrious adj.勤劳的,刻苦的,奋发的 参考例句: If the tiller is industrious...
51 bankruptcy n.破产;无偿付能力 参考例句: You will have to pull in if you want to escape bankruptcy.如果你想避免破产,就必须节省开支。 His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。 52 virtues 美德( virtue的名词复数 ); 德行; 优点; 长处 参考例句: Doctors often...