In _________, an assignment may be made by the creditors to a third party who then has the power to liquidate the firm’s assets.
A. a voluntary private liquidation
B. an involuntary private liquidation
C. an involuntary liquidation under Chapter Seven of the Bankruptcy Reform Act of 1978
D. a voluntary liquidation under Chapter Seven of the Bankruptcy Reform Act of 1978
Answer:A
In _________, an assignment may be made by the creditors to a third party who then has the power to liquidate the firm’s assets.
A. a voluntary private liquidation B. an involuntary private liquidation C. an involuntary liquidation under Chapter Seven of the Bankruptcy Reform Act of 1978 D. a voluntary liquidation under Chapter Seven of the Bankruptcy Reform Act of 1978