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Robert is unable to pay his bill, and he has been ordered by a court to file bankruptcy. As part of the bankruptcy proceedings, Robert

Robert is unable to pay his bill, and he has been ordered by a court to file bankruptcy. As part of the bankruptcy proceedings, Robert will have all of his assets converted to cash, which will be used to pay his debts. In this process, what is the term for Robert, what type of bankruptcy is he filing, and what is the term that describes how his assets will be handled?

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