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14 March, 07:44

Adam is a sole proprietor. He must file for bankruptcy to reorganize his debt under a repayment plan so he can pay his creditors and continue operating his business. He should file a:

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  1. 14 March, 10:49
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    Chapter 13 bankruptcy

    Explanation:

    Chapter 13 bankruptcy also known as wage earners plan enables a person with stable income conveniently pay back a loan or debt without the forfeiture of any asset
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