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Which one of the statements is correct concerning a chapter 7 bankruptcy? A) The firm generally issues new shares of stock prior to coming out

Which one of the statements is correct concerning a chapter 7 bankruptcy? A) The firm generally issues new shares of stock prior to coming out of bankruptcy. B) The claims of creditors are paid prior to the bankruptcy administrative costs. C) A trustee will assume control of the firm's assets until those assets can be liquidated. D) Chapter 7 bankruptcies are always involuntary on the part of the firm. E) A firm reorganizes its operations in an effort to return to being a viable concern

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