Discuss the major aspects of a company filing for bankruptcy

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Question: Many companies (Macys, GM, Chrysler) have filed for a "Chapter 11" bankruptcy.

Discuss the major aspects of a company filing for bankruptcy in general and explain why a company would file for "Chapter 11" instead of "Chapter 7" bankruptcy.

Post at least a 125 wrd discussion and respond to at least 2 of your colleagues' postings. Support your discussion with at least 1 Internet citation in APA styl.

Reference no: EM133261110

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