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When a troubled business is unable to pay its creditors, it may file (or be forced by its creditors to file) for bankruptcy in a federal court under Chapter 7.A Chapter 7 filing means that the business ceases operations unless those operations are continued by the Chapter 7 Trustee.Chapter 7 is also used by businesses to terminate operations, and resolve tax liabilities that might otherwise become personal liabilities of the principals.

Any residual amount is returned to the owners of the company. Chapter 11 affords the debtor in possession a number of mechanisms to restructure its business.In Chapter 11, in most instances the debtor remains in control of its business operations as a debtor in possession, and is subject to the oversight and jurisdiction of the court. A debtor in possession can acquire financing and loans on favorable terms by giving new lenders first priority on the business's earnings.Chapter 11 retains many of the features present in all, or most, bankruptcy proceedings in the U. The court may also permit the debtor in possession to reject and cancel contracts.A debtor who qualifies may be treated as a small business debtor in a Chapter 11 case. To qualify as a small business debtor, a debtor must be engaged in a commercial or business activity (other than one whose primary activity is the business of owning or managing real property and activities incidental thereto) and the total amount of the debtor’s noncontingent liquidated secured and unsecured debts must not exceed ,190,000 when the case is filed. How does a debtor get to be treated as a small business debtor?A qualifying debtor who checks the appropriate box on the Chapter 11 petition will be treated as a small business debtor unless and until the court orders otherwise. What are the advantages of being treated as a small business debtor?




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A leaked intimate Whats App conversation between a Kenyan man who had wild sex with his aunt has surfaced. Where does one get the guts to start such conversations? Incest has been a taboo, especially in the African traditional society, but nowadays, it’s no longer so.


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If you think someone would like the parties, then have them go through the regular process by emailing me. Note that, upon arriving at the building, please text "Here" to me to be let in; do not ring the bell and don't call. Don't follow someone else in; use the text system so I know you're coming up and not making someone in the building feel uncomfortable about letting in a stranger, and so I know you're coming up the stairs.


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The television series, based on the Sword of Truth novels by Terry Goodkind, is now in its second season and doing just fine in first-run syndication.


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The program frequently criticizes other denominations for their doctrines, practices and what it says are false teachings, including the Catholic Church, some Christian denominations, Jehovah's Witnesses, Seventh-day Adventist Church, The Church of Jesus Christ of Latter-day Saints and especially the Iglesia ni Cristo, (Church of Christ founded by Felix Manalo), a Philippine-based religion.


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Almost invariably, at least one person on each raft would raise a hand to wave a greeting, occasionally also shouting out “hello.” We did the same in return. Why don’t we usually greet strangers this way when going about our daily lives, especially in the city?


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, like, “a guy told me he was looking for a girlfriend by next year so he’d have someone to split rent with.” Then there was the charmer who told his date about the time he “got wasted, peed and mopped it up with his clothes, and then wore them.” Um, yeah., we’d like to assume you know better than to make mistakes like these.


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