Questions - 5 What do “Chapter 7,” “Chapter 11,” and “Chapter 13” refer to Briefly explain the differences among the three(Continue on

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Lab Reading Activity for “Bankruptcy Laws” from Understanding Business by Wm. G. 1. How does this text define bankruptcy? _______________________________________________________________________ _ _______________________________________________________________________ _ 2. What is the legal basis for bankruptcy? ______________________________________ _______________________________________________________________________ _ 3. What is the difference between “voluntary” and “involuntary” bankruptcy? _______________________________________________________________________ _ _______________________________________________________________________ _ 4. According to bankruptcy attorneys, why has there been an increase in bankruptcy filings? _______________________________________________________________________
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Unformatted text preview: _ _______________________________________________________________________ _ _______________________________________________________________________ _ 5. What do “Chapter 7,” “Chapter 11,” and “Chapter 13” refer to? Briefly explain the differences among the three. (Continue on back if necessary.) _______________________________________________________________________ _ _______________________________________________________________________ _ _______________________________________________________________________ _ _______________________________________________________________________ _ _______________________________________________________________________ _ _______________________________________________________________________ _...
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This note was uploaded on 09/13/2011 for the course LEARNING L 110 taught by Professor Afrancis during the Spring '11 term at Community College of Philadelphia.

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Questions - 5 What do “Chapter 7,” “Chapter 11,” and “Chapter 13” refer to Briefly explain the differences among the three(Continue on

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