Question: 1. Why would a person have a Chapter 7 over Chapter 13 Bankruptcy or Chapter 13 over Chapter 7 Bankruptcy? 2. Explain the difference between

1. Why would a person have a Chapter 7 over Chapter 13 Bankruptcy or Chapter 13 over Chapter 7 Bankruptcy?

2. Explain the difference between Voluntary vs Involuntary Bankruptcy Petition?

3. When would you use an Automatic Stay in Bankruptcy?

4. If you have been sued how will Insurance and Bankruptcy protect you?

5. How is a new General Partner added to a business? What has to be done?

6. What is the difference between a General Partner and Limited Partner?

7. How are the assets distributed when Sole Proprietorship is dissolved?

8. How are the assets distributed when Partnership is dissolved?

9. How are the assets distributed when Limited Partnership is dissolved?

10. How are the assets distributed when Corporation is dissolved?

11. What does the concept of limited liability protect you from? What are its limitations?

12. What terms should be in a Partnership agreement or any business entity agreement?

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