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major type of bankruptcy

major type of bankruptcy

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Task:

Explain the basic purposes and procedures of each major type of bankruptcy?

Discuss what happens to a debtor’s assets and liabilities during bankruptcy?

What debts are not dischargeable in bankruptcy? What would you recommend a creditor do to protect itself from a debtor filing bankruptcy?

What are the consequences of filing bankruptcy?

Finally, give examples of notable companies that filed bankruptcy and discuss what happened to those companies?

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