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 How much $ do Starbucks employees make?
Just wanted to know how much they make at starbucks in Michigan- Thanks!...


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 Ans the following questions pleas!!!!!!!!!!!!!!!!!?
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...


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jim g
What is the difference between liquidation and bankrupt companies?
                     
 




mat118
Rating
they mean the same thing i think.


gimmieabreak
Rating
I think a company can go in to liquidation voluntarily and insolvency experts are appointed to try and sell off any assets the company may have in an attempt to pay off the creditors.
If a company has no assets and can't pay any of its creditors then it is bankrupt.


Mike10613
Rating
Companies with limited liability go in to liquidation. Partnerships and individuals go bankrupt.


Penny
Rating
Bankruptcy usually refers to a filing under the Bankruptcy Laws where the debts of a person or company exceed the assets. Several different options are possible for how the bankruptcy proceeding will be resolved.

Liquidation is one of the options when it involves a company. This basically means that a receiver will be appointed by the Bankruptcy judge, to sell the company's assets and distribute the proceeds to the creditors of the debtor. This is also called a Chapter 7 liquidation. (because it's described in Chapter 7 of the federal Bankruptcy Code). I'm not sure, but it could be that an individual can also go through a Chapter 7 liquidation.

Other options include a Chapter 13 plan if the bankrupt debtor is a person. This basically leads to a payment plan where some of the debts are discharged and others remain to be paid off over time by the debtor out of his or her future wages. Usually some type of affordable installment payment plan is set up for the person.

If the bankrupt debtor is a company, usually the preferred option is a Chapter 11 reorganization, not a liquidation. A reorganization lets the bankrupt company get away from most of its debts, restructure itself, and keep on operating. This is how most of the airline companies that went through bankruptcy did it.


The One
They are spelt different i think


stormydays
Rating
Nothing

Bankruptcy comes by either voluntary decision of the owner or by the creditors applying

Liqudation is what happens after the bankruptcy order has been made.....the assests are liqudated to pay off the priority creditors such as staff


sreenivasa m
Bankrupt companies will go for liquidation . Bankrupt means the company is unviable to operate due so many reasons. Liquidation means closing down of the oeprations on account of severe losses or uneconomical to run the business or any other reasons.


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