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BillyBahama

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BillyBahama

Re: jet101 post# 2908

Thursday, 04/18/2019 10:41:17 AM

Thursday, April 18, 2019 10:41:17 AM

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Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.

https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html


All posts are speculative and my opinion only. NOT investment advice.

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