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A business files for bankruptcy with the goal of obtaining relief from creditors so that...

A business files for bankruptcy with the goal of obtaining relief from creditors so that it can rearrange its financial affairs and continue as a going concern. Which of the following describes this type of bankruptcy proceeding?

A.

Reorganization bankruptcy

B.

Debt adjustment bankruptcy

C.

Debt dismissal bankruptcy

D.

Liquidation bankruptcy

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  • Product: CFE-Law
  • Update on: Jan 2, 2026
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