If a creditor is owed money by an insolvent corporation - 8146

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  • Posted on: Tue 17 Apr, 2012
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Request Description

If a creditor is owed money by an insolvent corporation, its best bet to collect is to try to 

 

A.   force the corporation to refinance its debts

 

B.   persuade a court that the corporation is inadequately capitalized, in hopes the court will lift the corporate veil

C.   force the corporation to raise its prices to increase income

 

D.   persuade a court that the corporation has hidden assets against which the creditor may levy

 
Solution Description

If a creditor is owed money by an insolvent corporation, its best bet to collect is to try to