What are the major types of bankruptcy? Explain the basic purposes and procedures of each major type of bankruptcy? Discuss what happens to a debtor’s assets and liabilities during bankruptcy? What debts are not dischargeable in bankruptcy? What would you recommend a creditor do to protect itself from a debtor filing bankruptcy? What are the consequences of filing bankruptcy? Finally, give examples of notable companies that filed bankruptcy and discuss what happened to those companies?*Please refer to the Grading Criteria for Comprehensive Learning Assessments (CLAs) on page 10 of the syllabus for specific guidelines and expectations

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