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Without bankruptcy laws, what would likely happen when a company did not pay its debts? Multiple choice question. Nothing. Creditors would not be able to

Without bankruptcy laws, what would likely happen when a company did not pay its debts? Multiple choice question. Nothing. Creditors would not be able to take action against a company that was not paying its debts as they came due. Some creditors might receive a higher percentage than other similar creditors with equal standing. Debtors would be able to survive even the worst financial situation

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