What defenses are available in the situation

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Incorporation: Clients considering structuring their new business as a corporation are aware that there are complex issues to consider when accounting for an incorporated entity. The clients often want information about the key areas:

Problem 1: Differentiate between various forms of bankruptcy and restructuring that the clients should understand.

Problem 2: Identify the key areas of concern if the company fell on hard times and their creditors forced them into bankruptcy. What defenses are available in this situation?

Reference no: EM132677696

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