Consider the following bankruptcy case:

Lehman Brothers Holdings Inc. filed a voluntary bankruptcy petition in September 2008 with $639 billion in assets and a total debt of $613 billion. Lehman Brothers bankruptcy is considered to be one of the largest bankruptcies in U.S. history. Lehman leveraged its investments in the years leading up to its bankruptcy. The bankruptcy courts announced the breakup of Lehmans assets and sold the companys divisions to Barclays and Nomura Holdings Inc. Source: Sam Mamudi, MarketWatch.com. Lehman Folds with Record $613 Billion Debt. 15 Sept. 2008. . Lehmans breakup and bankruptcy is an example of which of the following bankruptcy laws? Chapter 13 Chapter 11 Florris and Company has been under financial distress for the past three years. Company management decides to file for a bankruptcy petition. The court will consider Florris filing as bankruptcy. Consider the following bankruptcy case: Lehman Brothers Holdings Inc. filed a voluntary bankruptcy petition in September 2008 with $639 billion in assets and a total debt of $613 billion. Lehman Brothers bankruptcy is considered to be one of the largest bankruptcies in U.S. history. Lehman leveraged its investments in the years leading up to its bankruptcy. The bankruptcy courts announced the breakup of Lehmans assets and sold the companys divisions to Barclays and Nomura Holdings Inc. Source: Sam Mamudi, MarketWatch.com. Lehman Folds with Record $613 Billion Debt. 15 Sept. 2008. .

Lehmans breakup and bankruptcy is an example of which of the following bankruptcy laws?

Chapter 13 // Chapter 11

Florris and Company has been under financial distress for the past three years. Company management decides to file for a bankruptcy petition. The court will consider Florris filing as __(involuntary//voluntary)___ bankruptcy.