Which of the following parties cannot be a debtor in a liquidation bankruptcy?

Question

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Savings and loan associations are generally not eligible to be debtors in a liquidation bankruptcy under Chapter 7 of the United States Bankruptcy Code. This is because certain financial institutions, including banks and insurance companies, are excluded from Chapter 7 relief due to their specific regulatory environments and the potential impact on the financial system.

Which of the Following Parties Cannot Be a Debtor in a Liquidation