I love forum legal advice, ery'one be talkin out they a55, it's filled under 11 not 7 or 13, so most of what everyone has so far said does not apply, it is not straight liquidation it is for a company to work through a court to satisfy their creditors over the course of a few years to be able to maintain an operable business, if it gets rolled into a 7 then it would be liquidated but usually they would just make the payments to repay a certain decided upon percentage of debt and then would be released from the remainder and could continue operating. Don't take my word for it though or the word of any of the other amateur financial and legal counselors on here go get real advise if you need it.
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