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Replies to post #11378 on Immune Pharmaceuticals Inc (fka IMNPQ)
trader59
05/07/21 9:06 AM
#11379 RE: Fai 2 #11378
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.