A large corporation has accrued a lot of debt over the last two years in an effort to expand its business. While they have gained new customers, they still aren't making enough money to pay off their debt.

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asked Oct 23, 2021 106k views

2 votes

A large corporation has accrued a lot of debt over the last two years in an

effort to expand its business. While they have gained new customers, they
still aren't making enough money to pay off their debt. Which type of
bankruptcy would this company likely want to file?
A. Chapter 1
B. Chapter 13
C. Chapter 7
D. Chapter 11