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Badfoot

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Badfoot

Re: None

Saturday, 04/23/2016 5:42:05 PM

Saturday, April 23, 2016 5:42:05 PM

Post# of 36208
The Chapter 11 Debtor in Possession:

Chapter 11 is typically used to reorganize a business, which may be a corporation, sole proprietorship, or partnership. A corporation exists separate and apart from its owners, the stockholders. The chapter 11 bankruptcy case of a corporation (corporation as debtor) does not put the personal assets of the stockholders at risk other than the value of their investment in the company's stock.
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