Discuss the differences between Chapters 7 and 11 bankruptcy proceedings.
What will be an ideal response?
The main difference between Chapters 7 and 11 is how the creditors are paid. In Chapter 7, a business's debts are paid through liquidation of its assets by the trustee. The creditors are paid from the money that is made from their sale. In Chapter 11, the business creates a reorganization plan that articulates a strategy and financial plan for paying off the debts. Creditors receive their payments over the period of the plan until they are paid off.
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A business analysis is typically performed after the management has developed the product concept and marketing strategy
Indicate whether the statement is true or false
A business accepts a 9 percent, $50,000 note due in 120 days. Assuming simple interest, how much (amount rounded) will the business receive when the note falls due?
A) $50,000 B) $50,150 C) $51,480 D) $54,520
The largest government privatizing in the EU as of 2015 is
A. Germany. B. Greece. C. the U.K. D. Portugal.
Pricing of services
A) requires the same approach as pricing of products. B) uses a markup percentage to add the cost of overhead to the direct costs of labor, materials, and parts. C) always requires three pricing computations, one for materials, one for parts, and one for labor. D) is less accurate than pricing of products.