1.When a company becomes bankrupt, it is usually in the interests of the stockholders to seek liquidation rather than reorganization.;2. In chapter 11 a reorganization plan must be presented for approval by each class of creditors?;3. In a reorganization, creditors may be paid off with a mixture of cash and securities.;4. When a company is liquidated on of the most valuable assets to be sold off is the tax loss carry forward.
Paper#34534 | Written in 18-Jul-2015Price : $32