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Bankruptcy
Bankruptcy
Bankruptcy
Bankruptcy
Bankruptcy
Bankruptcy
Bankruptcy
Bankruptcy
Bankruptcy
Bankruptcy
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Bankruptcy

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  • 1. By: Caitlyn Foxe
  • 2.  A legal proceeding that a person or business files for when they are unable to pay back its debt.
  • 3.  Chapter seven is liquidation, selling of the debtors non exempt property and dividing it among creditors.
  • 4.  Usually involving a corporation or partnership, the debtor suggests a plan to keep its business and pay creditors over time.
  • 5.  Chapter twelve is for family farms and family businesses.
  • 6.  Adjustment of debts for a person with regular income.
  • 7.  The once well-known camera company filed for chapter 11 bankruptcy in early 2012, however they are expected to make a comeback in 2017, but not on the consumer market Instead, the new Kodak will focus on commercial printing and manufacturing imaging sensors
  • 8.  Readers digest has filed chapter 11 bankruptcy not once, but TWICE since late 2009 but they expect the bankruptcy to conclude in less than six months, if the court approves, but they will continue to publish through out the bankruptcy challenge.
  • 9.  Marvel filed for chapter 11 bankruptcy in 1996, which ended in the merge of marvel entertainment and ToyBiz to create marvel enterprises

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