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When a business files for protection under Chapter 11 of the U.S. Bankruptcy Code (Debtor in Possession) , the goal of that business is to
When a business files for protection under Chapter 11 of the U.S. Bankruptcy Code (Debtor in Possession) , the goal of that business is to pay a portion of the debt and continue in business. From an ethical perspective is it fair for the business to pay just a portion of the debt? What are some of the protective measures businesses can take when doing business with a Debtor in Possession?
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