In a voluntary settlement, the debtor firm bypasses many of the costs involved in legal bankruptcy proceedings.

Name: In a voluntary settlement, the debtor firm bypasses many of the costs involved in legal bankruptcy proceedings.
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In a voluntary settlement, the debtor firm and its creditors come to an agreement outside of bankruptcy court, thus avoiding many of the legal fees and other costs that come with a traditional bankruptcy proceeding.

In a Voluntary Settlement, the Debtor Firm Bypasses Many of the Costs