Assertion: bankruptcy's asset | /r/HasProperty | liquidated
Facets:
Source sentences:
text: It can lead to insolvency proceedings, in which legal action will be taken against the insolvent entity, and assets may be liquidated to pay off outstanding debts.
text: The assets of a corporation filing Chapter 7 bankruptcy will be liquidated in full.
text: Individuals qualify for Chapter 7, but partnerships or corporations with assets that can be liquidated to cover debts also qualify.
text: The most common type of bankruptcy for individuals is Chapter 7, which effectively wipes the slate clean after certain assets are liquidated and cash from the liquidation is distributed to creditors.
text: These assets are liquidated — sold by the trustee in exchange for cash — which is then distributed among creditors.
text: Chapter 7 bankruptcy generally discharges debts, but your assets will be liquidated.