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Even if a firm's cash flow projections indicate that it will soon be unable to meet its interest payments, a bankruptcy case cannot begin until the firm actually defaults on a scheduled payment.a. Trueb.
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Even if a firm's cash flow projections indicate that it will soon be unable to meet its interest payments, a bankruptcy case cannot begin until the firm actually defaults on a scheduled payment.a. Trueb. False

User Pradeep Deshmukh
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Answer: False

Explanation: Bankruptcy begins when a firm is unable to meet scheduled payments on its debt

or when the firm’s cash flow projections indicate that it will soon be unable to meet its payments.

User Leonneo
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