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If a Business Bankruptcy Is Resolved Using a Liquidation Plan

Question 142

Multiple Choice

If a business bankruptcy is resolved using a liquidation plan, what will happen?


A) The business debt is negotiated, eliminated, or reduced, as long as regular repayment is made
B) The business negotiates a new organizational structure, based on learning from past mistakes
C) The business will cease to exist
D) The business has to get approval from a judge in order to remain in business

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