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In a chapter 7 -bankruptcy, assets are liquidated to pay...

  1. veljko
    435 Posts.
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    22/02/23
    12:02
    Post #: 66393047
    In a chapter 7 -bankruptcy, assets are liquidated to pay creditors, with secured debts having priority.

    in a chapter 11 - a company is restructured under the supervision of a trustee appointed by the court. The company continues to operate, paying back its debts back with future earnings

    I used to work in bankruptcy law , so I’ll do a bit of work on the us system to find out more, but your money is beyond devalued
    AHQ Price at posting: 1.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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