Most bankruptcies involve either the liquidation of debtor’s assets and distribution to creditors, or reorganization in which a plan is established to re-pay creditors over time. (Rosenberg Musso & Weiner LLP, Brooklyn, NY)
The debtor must prove that the plan pays creditors more than they would receive through Chapter 7 liquidation of debtor’s assets. (Bernstein-Burkley, P.C., a Pittsburgh-based law firm)
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