Examlex
Which of the following characteristics distinguish a multinational corporation (MNC) ?
Bankruptcy Code
A federal law that outlines the various procedures for conducting bankruptcy cases, allowing debtors to eliminate or reorganize their debts under the supervision of the court.
Trustee
An individual or entity appointed to manage and hold property or assets on behalf of others, often used in trust arrangements and bankruptcy proceedings.
Creditors
Individuals, businesses, or institutions to whom money is owed by debtors.
Straight Bankruptcy
A term sometimes used for Chapter 7 bankruptcy in the United States, where a debtor's assets are liquidated to pay off creditors.
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