melgabg15
contestada

If a business that sells gidgits files for bankruptcy to liquidate all of its assets in order to repay its creditors, it is going to file a Chapter 11 reorganization.
True
False​

Respuesta :

TrixieTUlip

Answer:true

Explanation:

emilyshepherd82

Answer:

False, I'm pretty sure.

Explanation:

A Chapter 11 bankruptcy doesn't involve the business liquidating all of its assets; the business continues to operate and the debts are just reorganized. If they want to liquidate all of their assets, they should file a Chapter 7 bankruptcy, which is a lot less expensive anyway.