Bankruptcy law questions, Define bankruptcy. Discuss the

Bankruptcy law questions

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Reference no: EM1330257

Required to prepare a report discussing the following options for a client who is in serious business trouble. Our firm's client just recently revealed that his company was $2.9 million in debt and that his company is not incorporated. The client has reluctantly asked if our firm could advise him on the process of bankruptcy.

1) Define bankruptcy

2) Discuss the benefits and drawbacks of the client filing bankruptcy

3) Discuss how the type of bankruptcy would differ if the client's company was owned by a partnership

4) Offer advice on whether or not the client should file bankruptcy and if so, which type of bankruptcy should the client file

Reference no: EM1330257

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