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What defenses are available in this situation

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Question - Incorporation: Clients considering structuring their new business as a corporation are aware that there are complex issues to consider when accounting for an incorporated entity. The clients often want information about the following key areas:

A. Differentiate between various forms of bankruptcy and restructuring that the clients should understand.

B. Identify the key areas of concern if the company fell on hard times and their creditors forced them into bankruptcy. What defenses are available in this situation?

Reference no: EM132722512

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