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Many companies (Macys, GM, Chrysler) have filed for a Chapter 11 bankruptcy. Discuss the major aspects of a company filing for bankruptcy in general and

Many companies (Macys, GM, Chrysler) have filed for a "Chapter 11" bankruptcy.

Discuss the major aspects of a company filing for bankruptcy in general and explain why a company would file for "Chapter 11" instead of "Chapter 7" bankruptcy.

not more than three hundred words and no bullet setences. support you discussion with appropriate example and use two internat citation.

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