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Chapter 32 Bankruptcy and Reorganization 1. How does bankruptcy law benefit debtors and creditors? 2. Under what circumstances would Chapter 11 be used rather than
Chapter 32 Bankruptcy and Reorganization 1. How does bankruptcy law benefit debtors and creditors? 2. Under what circumstances would Chapter 11 be used rather than Chapter 7? 3. Students need to read the case on Arkuszewskis Bankruptcy and then answer the following questions a. Should the court dismiss Arkuszewskis petition due to noncompliance with the credit counseling requirement? b. Was Arkuszewskis reliance on the statement of the bankruptcy clerks office justified? [In re Arkuszewski, 507 B.R. 242 (Bankr N.D. Ill. 2014)]
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