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If a corporation is solvent, can it file for chapter 11 bankruptcy? a. It depends on the purpose of the corporation. Only certain types can

If a corporation is solvent, can it file for chapter 11 bankruptcy?

a. It depends on the purpose of the corporation. Only certain types can file for any chapter of bankruptcy.
b. Yes, in order to negotiate with creditors to reduce its debt.
c. No, only an insolvent entity can file for bankruptcy.
d. No if the corporation is a publicly traded company. Maybe if corporation is not publicly traded.

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