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 What is the difference between bankruptcy and liquidation?

Answer If you are a business owner, you should know the difference between bankruptcy and liquidation. If at some point, you fall behind on your bills, you may need to decide whether to file for bankrupt... Read More »
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Top Q&A For: What is the difference between bankruptcy and l...

Is Chapter 11 bankruptcy liquidation or restructuring?

Chapter 11 of the Bankruptcy Code, a federal statute, allows debtors to reorganize their business and/or personal debts. Individuals and businesses can file for Chapter 11 protection. If granted,... Read More »
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What is the difference between declaring bankruptcy&insolvency?

Understanding the difference between bankruptcy and insolvency can be difficult, in part because society tends to treat them. They actually deal with two different sides of the same pressing issue:... Read More »
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What is the difference between a chapter 13&a chapter 7 bankruptcy?

There are several differences between Chapter 7 and Chapter 13 bankruptcies. Both allow people relief from their debts, but the big difference lies in how this relief is obtained and the debts repa... Read More »
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What is the difference between a Chapter 11& a Chapter 13 bankruptcy?

U.S. bankruptcy laws offer individuals and businesses the opportunity to work with their creditors to reduce or eliminate oppressive debts. Typically, businesses file Chapter 11, while individuals ... Read More »
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