Chapter 7
Chapter 7 is the chapter of the Bankruptcy Reform Act that provides for the liquidation of a firm to repay creditors.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Chapter 7. The chapter of the Bankruptcy Reform Act that provides for the liquidation of a firm to repay creditors.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
