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Question
Jim is a farmer. His debts are 90 percent farm-related. They total $1 million, and Jim believes that bankruptcy is the only alternative for discharging them. Jim does not want to lose the farm, however, and most of his creditors agree that liquidation would not be in their best interest. Under what chapter of the bankruptcy laws can Jim retain the farm and the creditors have some of the debt repaid?Answer
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Related questions
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d. all of the above.
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Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
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Q:
Fact Pattern 41-1
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