points if you sell your business, you should ask the buyer to agree, in writing to pay certain debes and hold you harmless from those inicial obligatoris. This is now as wat Indemnification Corporate Shield O Reorganization Plan Security Interest A voluntary non-bankruptcy plan where creditors and others may make concessions to help you keep your business operating is known as whar O Promissory Note O Workout Plan O Petition for Bankruptcy O Reorganization Plan A good strategy for a financially struggling business is to FIRST do what? O Pay taxes O Pay yourself O Pay creditors O Pay employees Early warning signs that a small business may be in financial difficulty include which of the following? O A. Build-up of unpaid creditors O B. Lack of profitability O c. Numerous unsolicited offers to buy the business O D.Cash flow problems O E.A,B,C,D Your business has been hit hard by a downturn in the economy. Creditors are demanding payment now. You don't want to shut dowh your business because economic forecasts positive. A restructuring of your business is at that is needed. You should file for what type of bankruptcy Chapter 7 Chapter 11 If a business files for bankruptcy, creditors may be allowed to review all the payments the business made to creditors during the previous 12 months to assure that some creditors were not given an unfair advantage by being paid while others received less or nothing The Bankruptcy Code refers to this action by the business to creditors as what? O Liquidation O Preferential Payments Workout Plan Indemnification