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Anonymous

When you hear that a company went bankrupt, many of you will think is that the company sold all their assets, paid their creditors what they had and just stopped the running the company. But that's Chapter 7 bankruptcy or liquidation and that's not

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Anonymous

Anonymous

Hey I am on Medial • 8m

well you are correct but as you know that the company's financial situation is aldredy not good. If you just dicide to close the company, anyways you won't get anything. With this atleast the company will still be running and the creditors and investors will get a stake in the company which may help get their money back

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