A bankruptcy option in which a bankrupt firm is liquidated after the courts have determined that reorganization is not worthwhile. A trustee is charged with liquidating all assets and distributing the proceeds to satisfy claims in their order of priority. In Chapter 7 bankruptcies the creditors often receive a fraction of the value of their claims and the stockholders receive nothing.
Do You think BP will survive
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Showing posts with label Chapter 7. Show all posts
Showing posts with label Chapter 7. Show all posts
Chapter 7
Wednesday, June 16, 2010Posted by investingport.com at 11:41 AM 0 comments
Labels: Chapter 7
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