Identify and define the three major types of bankruptcy.
Provides the opportunity to reorganize and make the venture more solvent
Voluntarily allows individuals with regular income the opportunity to make extended time payments
Requires the venture to liquidate,either voluntarily or involuntarily

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The Answer of Identify and define the three major types of bankruptcy.
Provides the opportunity to reorganize and make the venture more solvent
Voluntarily allows individuals with regular income the opportunity to make extended time payments
Requires the venture to liquidate,either voluntarily or involuntarily

Identify and Define the Three Major Types of Bankruptcy