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Transportation costs are a _____ for a new start-up company or division.
Involuntary Bankruptcy
A legal process initiated by creditors rather than the debtor, where a court is asked to declare a debtor bankrupt and liquidate assets to pay off debt.
Bankruptcy Trustee
An individual appointed by the court to oversee and manage the estate of a debtor in a bankruptcy proceeding, ensuring the fair distribution of assets to creditors.
Debtor
An individual or company that owes money to another entity.
Reorganization Plan
A structured agreement approved by a bankruptcy court that allows a debtor company to continue its operations while repaying creditors according to a specific schedule.
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